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Opalesque Exclusive: Societe Generale FoF a winner with 11.78% YTD The SGAM AI Premium Value Fund was up 2.13% (11.78% YTD) versus the HFRX Global Hedge Fund Index which was down 1.03% for the month. The Fund had positive performance contribution from its allocation to credit and equity managers, while relative value and high frequency strategies were detractors to performance.

SG said Manager performance was more or less evenly split between positive and negative, but the significant positive and limited negative numbers helped to produce the strong results for the month. Despite the difficult equity markets, the deep value approach of two of the more activist, equity managers resulted in strong positive performance from the equity bucket. This approach worked well in the credit space as well, with one positive outlier benefiting significantly from a short position in the sub-prime space and a bet on higher volatility. SG is pleased with the Fund’s ability to perform positively in a difficult market environment.

John W. Henry says fund up 15% in August From Reuters.com: Hedge fund manager John W. Henry, who suffered heavy losses on the yen carry trade in July, told the Boston Herald that one of his portfolios reversed course and is up 15 percent in August.

For days rumors swirled in the currency market and hedge fund industry that Henry's firm might be the next victim forced out business by volatile market conditions. John W. Henry's f......................

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