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CTA/managed futures hedge funds rebound in August with strong performance driven gains

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Hedge fund managers ended August 2019 down 0.35 per cent on an equal-weighted basis, and 0.54 per cent on an asset-weighted basis, according to data released by Eurekhedge. 

The risk-off sentiment persisted throughout the month, as the US labelled China a currency manipulator, intensifying the tension between the two economies.

CTA/managed futures hedge funds were up 1.89 per cent in August with managers citing long exposure to metals and fixed income, as well as short exposure to the energy sector as performance drivers. The mandate’s AUM has grown by USD18.6 billion year-to-date, in contrast to the USD45.5 billion decline recorded over 2018.

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