In the latest edition of its newsletter, CogentHedge has revealed that for the majority of the hedge funds logged in its database, August was a profitable month.
Despite observing that 'the stance of the regulatory environment is still as ambiguous as ever', the firm announced that 'the alternative investment community is still going strong'.
It also emerged that despite a significant increase in the number of hedge funds that have entered liquidation or 'otherwise disappeared from view', the database experienced a net increase of 150 funds in August.
In terms of performance, CogentHedge revealed, the average investment gained 1.71% for the month. Returns by category broadly conformed to their implied risk characteristics, with funds of funds gaining an average 0.89%, whilst the average futures manager gained 0.36%.
The hedge fund information provider concluded by revealing that emerging markets managers performed best overall in August, posting an 8.24% gain. Growth managers reported returns of 2.59%, and value managers 2.59%. The only losers last month, Cogent Hedge revealed, were currency traders, who posted an average loss of 0.31%.
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