Wednesday, 2 September 2015
Last updated 28 min ago
Sep 11 2013 | 12:27pm ET
The global hedge fund industry was more than $6 billion smaller at the end of August than at the beginning.
The drop was fueled by another losing month for hedge funds, which fell an average of 0.32% last month, according to Eurekahedge. Still, that was far better than the broader markets, which fell by more than 2%, according to the MSCI World Index.
Indeed, Eureka's August report was peppered with positive spins on what has been a disappointing year for hedge funds. The company noted that event-driven funds returned 0.95% in August (5.7% year-to-date) and distressed debt funds 0.35%. Latin American funds rose 0.48%, Asia ex-Japan funds 0.13% and Japan-focused funds 0.11%.
And some hedge funds, at least, are doing very well: Eureka said it is tracking more than 600 funds with returns over 15% this year, and about 200 funds with returns in excess of 30%. In addition, some 500 new hedge funds have debuted this year.
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…