Tuesday, 1 September 2015
Last updated 5 hours ago
Sep 9 2013 | 11:25am ET
Whatever strategy they pursue, hedge funds struggled through a difficult August.
All eight strategies tracked by Greenwich Alternative Investments lost ground last month, with the benchmark Greenwich Global Hedge Fund Index shedding 0.75%. The result did, at least, give the index a rare win over the Standard & Poor's 500 Index, which lost 2.9% on the month.
For the year, however, the Greenwich index remains far behind the broader markets, up just 3.49% to the S&P500's 16.16%.
Arbitrage funds were hardest-hit in August, falling an average of 1.17% (up 2.73% year-to-date). Futures funds dropped 0.99% (down 3.46% YTD), macro funds 0.96% (up 1.61% YTD), equity-market neutral funds 0.92% (up 1.12% YTD) and long/short equity funds 0.83% (up 6.43% YTD).
Event-driven funds, the year's best performing strategy with a 7.31% return, managed a more modest decline in August, falling 0.41%. Multi-strategy funds shed 0.22% (up 2.58% YTD) and long/short credit funds inched down 0.01% (up 2.29% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…