Singapore-based systematic hedge fund Quantedge delivered its strongest monthly performance of 2025 in August, rising 8.3%, driven by successful positions across equities, commodities and currencies, according to a report by Financial News.

The report cites unnamed sources familiar with the matter as revealing that the fund’s year-to-date return now stands at roughly 10%.

Founded in 2006, Quantedge manages close to $5bn in assets under the leadership of CEO Suhaimi Zainul-Abidin, with a global team of around 130 staff. The firm has continued its momentum from 2024, when it finished the year up 31%, and has delivered average net returns of 19% per annum since inception.

The performance comes in a volatile market environment shaped by US tariff policies and ongoing geopolitical uncertainty. Other Singapore-based managers also posted gains in August, though on a smaller scale. Dymon Asia, which oversees $3.5bn in assets, rose 1.75% for the month, bringing year-to-date returns to 12%, while Arini Capital’s flagship Master Fund, managing $6.5bn, rose 3% in August and now sits at 17% for 2025. Arini’s total assets under management have grown to $12bn.

Despite these gains, hedge funds as a group remain behind broader equity indices this year. According to HFR, hedge funds gained 4.9% on average through July, lagging the S&P 500 and Nasdaq, which returned almost 10% and nearly 12% respectively.