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Alternative Market Briefing

Syrian conflict drags hedge funds earning in August, HFRI Fund Weighted Composite Index -0.73% (3.87% YTD)

Tuesday, September 10, 2013

Kenneth Heinz
Precy Dumlao, Opalesque Asia:

The ongoing civil war in Syria and the uncertain military action by the U.S. and its allies, the weakness in emerging market equities and currencies, expectations of a US QE tapering and a decline in the US equity markets dragged hedge funds' earnings in August, said data provider Hedge Funds Research (HFR).

August is the second negative month for HFRI indices this year. The HFRI Fund Weighted Composite Index fell -0.73% in August, bringing the year to date result to 3.87%, said HFR in a release yesterday.

"Volatility and uncertainty increased in August across both economic and political forums, contributing to mixed sub-strategy performance, wide dispersion and Macro-centric weakness across hedge fund strategy performance," stated Kenneth J. Heinz, President of HFR.

"While the geopolitical environment has remained fluid and unpredictable through month end, many funds entered August with conservat......................

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