Hedge funds generated negative performance in August, falling 2.30% for the month versus a loss of 7.69% for the Dow Jones Global Index.
Oliver Schupp (pictured), President of Credit Suisse Index Co., LLC, says: "The Dow Jones Credit Suisse Hedge Fund Index fell 2.30% in August, although three out of ten sectors posted positive performance for the month. Overall, the index outperformed global equities by more than five percentage points with Dedicated Short Bias delivering the strongest performance, gaining 6.56% as short positions across equity markets proved profitable amidst broad market downturns. Global Macro also gained 1.91% as managers employed tactical trading strategies to navigate the high levels of volatility seen in August."
"The industry saw an estimated $4.77 billion in inflows. Including August’s performance, total industry assets are now estimated at $1.79 trillion."
