The Dow Jones Credit Suisse Hedge Fund Index posted negative performance in August, finishing down 2.30%, with three out of ten strategies posting positive performance for the month.
Conversely, the Dow Jones Industrial Average Total Return and Dow Jones Global Indexes fell 3.96% and 7.69% respectively.
Dedicated Short Bias was the best performing sector in August. The strategy gained 6.56% as managers capitalised on deteriorating conditions within the equity markets. The Event Driven sector continued to experience negative performance led by choppy trading conditions across asset classes, large price swings, and increased correlations; and Global Macro managers posted positive performance in August, up 1.91%, as fixed income exposure – both long and short ends of the curve – generated positive returns for the month amid a flight to safety in US Treasuries.
