Hedge Funds Add 0.7% In August

Sep 6 2012 | 9:58am ET

Hedge funds returned 0.7% on average in August 2012, bringing their year-to-date gains to 4.2%, according to the latest stats from eVestment|HFN Research.

The best performers in August were multi-strategy funds (up 1.52%), long-short equity funds (up 1.28%) and event-driven/distressed funds (up 1.07%). The only losing strategies for the month were managed futures (down 0.98%) and FX strategies (down 0.19%).

Year to date, all strategies monitored by eVestment|HFN Research were in the black, led by long/short equity strategies, up 4.67%.

Emerging market funds returned 2.0% during the month and are up 5.9% YTD. But funds focused on Japan fell more than 3% in August despite a rally on the Nikkei.

Updated estimates for July show investors pulled about $11.8 billion out of hedge funds that month, as total assets under management reached $2.52 trillion. Global macro and managed futures hedge funds saw outflows of $2.4 billion in July, which eVestment|HFN attributes to their underperformance in 2012.

 


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Editor's Note