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.

 


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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