Long/Short, Macro Funds Rise In August

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.”


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...