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. Benedicte Gravrand, Opalesque Geneva:

August was a challenging month for many hedge funds as volatility spiked across equity, commodity, currency, emerging markets and fixed income assets. All but two of the HFRI indices were down that month; the Short Bias Index funds (5%, 1.1%YTD) reaped from their shorts and the Fixed Income-Asset Backed Index (0.07%, 2.9% YTD) was almost flat. YTD, the average hedge fund return on the HFRI database amounts to 0.18%. "August was a sea of red in hedge fund land," a commentator told Opalesque.

But in one of Deutsche Asset & Wealth Management (AWM)’s hedge fund platforms, called dbSelect, half the FX managers managed to come out of August in positive territory, while more than 80% are up YTD.

Hathersage Capital’s Long Term Currency Program led the pack, returning 10.44% in August, 58.93% YTD and 123.63% YoY.

According to dbSelect’s August 2015 Manager List, obtained by Opalesque, the top ten managers showed August returns ranging from 3.18% to 11.7%, led by Claughton Capital Auto-Reactive Positioning Program, a CTA, and Hathersage Long Term Currency Program, an FX strategy.

The Top Ten Performing strategies, YTD, were led by Hathersage Long Term Currency Program (58.93%......................

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