Hedge funds added 0.47% in August, putting them up 3% year to date according to the Eurekahedge Hedge Fund Index.
All strategies tracked by Eurekahedge were in the black in August with the exception of CTA/managed futures funds, which lost 0.63% (although they’re up 1.33% YTD).
The best performers were event-driven funds, up 1.65% in August (4.36% YTD); relative value funds, up 1.14% on the month (7.34% YTD) and distressed debt funds, up 1.07% in August (4.73% YTD).
Broken down by region, the best performers in August were Latin American funds, up 1.09% (7.08% YTD); followed by North American funds, up 1.02% (4.59% YTD). The biggest August losers were Japan hedge funds, down 0.73% (down 0.64% YTD).
Relative value funds have attracted significant assets in 2012; Eurekahedge puts their current assets under management at US$60 billion. CTA/managed futures funds, on the other hand, recorded their sixth consecutive month of outflows, losing US$16 billion since February 2012.