Friday, 9 October 2015
Last updated 3 hours ago
Sep 3 2009 | 12:47pm ET
Hedge funds continued their winning ways in August, according to a pair of hedge fund replication indices.
Long/short equity hedge funds rose 1.55%, according to the Credit Suisse Alternative Index Replication indices. The AIR Long/Short Equity index is up 7.73% through the first eight months of the year.
Global macro funds were also up, but, for the second straight month, only marginally. The strategy added 0.08% in August and is up 2.11% year-to-date.
“Following a strong rally in July, equity markets continued their upward trend in August, reaching highs not achieved since October 2008,” Jordan Drachman, head of research for alternative beta strategies at Credit Suisse. “Long/Short Equity hedge fund managers continued to increase their overall net exposures in order to benefit from market gains.”
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…