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By Benedicte Gravrand, Opalesque London:

The SIX HARCOURT HFXS Equally Weighted index returned 1.62% in August-09, 11.3% YTD, and 73.3% since its Jan-01 inception. The SIX HARCOURT HFXS Asset Weighted returned 1.52%, 11.8% YTD and 73.4% since inception - according to the latest Harcourt / SIX Telekurs report.

That is compared to the OMRX Total Market Index (complete index of the Swedish National Debt Office's and the mortgage institutions' borrowings in Sweden) which returned 0.25% in August, 1.5% YTD and 52% since Jan-01, and the SIX Return Index (Market Capitalization weighted index constructed to track the total performance of companies quoted on the Stockholm Stock Exchange) which outperformed SIX HARCOURT and ORMX, returning 3.40% in August, 42% YTD, and 30.1% since Jan-01.

The SIX HARCOURT HFXS Asset Weighted index was positive each year since inception, except for 2008 when it was down only 3.7%.

August was another strong month for Swedish hedge fund managers. More than 75% of the underlying funds posted positive returns. The strength in equity markets also continued as the MSCI World (SEK) climbed 2.40% for the month. The best hedge fund generated +20.91% and the worst performing fund was down 4.10%.

Boosted by the positive equity markets, most of the Swedish long/short managers continued to present positive returns, with a large dispersion. On the macro-and fixed income as well as options- and derivates traders (including CTAs) ......................

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