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Alternative Market Briefing

Hedge funds posted mixed performance for August with gains in market neutral strategies

Wednesday, September 02, 2015

Komfie Manalo, Opalesque Asia:

Hedge funds reported mixed performance for August with market neutral strategies leading the gain, said data provider Hedge Fund Research.

The HFRX Absolute Return Index posted a gain of +0.13% (+2.39% YTD), while the HFRX Global Hedge Fund Index posted a decline of -2.21% for the month (-1% YTD).

The HFRX Relative Value Arbitrage Index posted a decline of -0.84% for August (+1.25% YTD), as high yield credit and arbitrage deal spreads widened. The HFRX Macro/CTA Index posted a decline of -1.92% (-1.01% YTD), from mixed contributions from quantitative, trend-following, systematic CTAs and global discretionary and currency strategies. The HFRX Event Driven Index posted a decline of -2.92% (-3.24% YTD), with gains in Merger Arbitrage managers offset by declines in Special Situations equity and Distressed strategies. The HFRX Equity Hedge Index posted a decline of -3.08% (-1.07% YTD) with positive contributions from Market Neutral strategies offset by declines in Fundamental managers.

HFR made the following comment on the financial markets in August: "Global financial market volatility surged in August as Chinese equities posted a second consecutive sharp monthly decline, while U.S. equities posted the worst monthly decline since 2012, despite pa......................

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