In its overview of performance in the alternative investment sector for August, hedge fund analysts CogentHedge confirmed what has generally been perceived as a mixed month for hedge fund returns.
“With 70% of all registered alternative investments reporting results for the month of August, results are mixed,” reported the CogentHedge monthly newsletter.
“55% of all reporting entities are showing gains for the month, yet the average alternative investment was down 0.06%.”
According to Cogent, the average monthly performance for all single-manager funds was a decline of -0.04%. If futures strategies are excluded, the average gain for the month was 0.10%.
The largest gain for the month of August was slightly more than 22% and the largest loss was more than -19%.
The top performing hedge fund strategy (Emerging Markets) returned a positive 1.89% last month, whilst the worst performer (Short Selling) returned a negative -1.84%. Seventeen sub-strategies posted negative results for the month while fifteen showed gains.
The best performing strategies after emerging markets were: Market Timing (1.55%); Income (1.49%); Short-term Bonds (0.90%); and Emerging Markets Debt (0.80%).
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