Dow Jones: August Hedge Fund Figures Grim

Sep 11 2007 | 11:12am ET

If you think hedge funds were bad in July, just look at their August numbers. Hedge funds reached new lows last month surpassing July as the poorest month in 2007 for the performance of hedge fund strategies, according to the latest figures from the Dow Jones Hedge Fund Indexes

Only one of the six strategies (merger arbitrage) covered by the index posted any net-of-fees gains (0.42%) last month. The strategy is up 14.59% for the year.

Other strategies such as convertible arbitrage, distressed securities, equity long/short and equity market neutral fell in August, declining more than 1%, while event driven was down -0.21% for the month.

On the bright side, all the strategies are still up for the year.

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Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…