Hedge Funds Up 0.61% In August

Sep 18 2012 | 9:25am ET

Hedge funds were up 0.61% in August for a year-to-date gain of 3.15%, according to the Eurekahedge Hedge Fund Index.

CTA strategies produced the only red ink for the month, losing 0.50% (up 1.46% YTD). All other strategies tracked by Eurekahedge ended August with gains, led by distressed debt funds, up 2.08% (5.82% YTD); event-driven funds, up 1.87% (4.55% YTD); and relative value funds, up 1.08% (7.33% YTD).

Abitrage funds were up 0.71% (4.62% YTD); fixed-income funds were up 0.93% (5.86% YTD); long/short equities strategies were up 0.87% (2.84% YTD); macro funds up 0.61% (1.80%) and multi-strategy funds up 0.64% (3.75% YTD).

Among the regional strategies, the only losers were Japan funds, down 0.74% in August (and down 0.64% YTD). North American funds were up 0.99% for the month (4.56% YTD); European funds were up 0.58% (3.12% YTD); Eastern European funds were up 0.59% (0.27% YTD); emerging markets funds were up 0.78% (3.55% YTD); Asia ex-Japan funds were up 0.69%  (2.22% YTD); and Latin American funds were up 1.01% for August (6.99% YTD).

Funds of funds were down 0.54% in August, although they're up 2.19% YTD

Relative-value funds now account for assets under management worth US$60 billion while CTA/managed futures funds have now witnessed six months' of negative asset flows, losing US$16 billion between February and August 2012.


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Editor's Note