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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

Agecroft Partners: Hedge Fund Industry Assets to increase $250B by Summer 2016

Aug 11 2015 | 11:29am ET

Assets will continue to flow into the hedge fund industry despite long-standing...

 

Editor's Note