The Credit Suisse Hedge Fund Index finished down 0.54 per cent for the month of August, with six of the 10 sub-strategies in negative territory.
Managed futures was the worst performer ending the month down 2.77 per cent, followed by equity market neutral (-1.72 per cent), and long/short equity (-1.11 per cent).
The four sub-strategies to record positive performance were convertible arbitrage (0.72 per cent), fixed income arbitrage (0.21 per cent), dedicated short bias (0.03 per cent), and multi strategy (0.08 per cent).
The following funds were dropped from the Credit Suisse Hedge Fund Index in August: BBVA & Partners Equity Arbitrage Master, Henderson European Absolute Return Fund, Matthes Capital Management, and Traxis Fund.
There were no funds added to the Credit Suisse Hedge Fund Index in August.