Australian hedge funds rose by 0.22 per cent in August, according to data from Australian Fund Monitors.
Most funds weathered a mixed and difficult company reporting season, which saw the ASX200 lose 1.99 per cent.
Equity strategies overall slipped 0.26 per cent with market neutral (+1.18 per cent) equity income (+0.96 per cent) and event driven (+0.75 per cent) the leaders to date.
Mon equity funds fared better at +1.53 per cent overall, with global macro (+4.22 per cent) the standout strategy, followed by managed futures at +1.07 per cent.
