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Alternative Market Briefing

Hedge funds post mix returns in August, market directional strategies up 1.15%

Monday, September 05, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds posted mixed performance for August as the HFRX Market Directional Index gained +1.15% and the HFRX Global Hedge Fund Index gained +0.16% for the month, reported data provider Hedge Fund Research.

HFR said in its monthly report, "Global financial markets posted mixed performance as realized volatility and implied volatility declined, trading volume fell and equity markets reached intra-month record levels with modest advances. Equity markets posted mixed performance for the month, with gains in energy & financials, European & Asian exposures offset by declines in biotech & healthcare."

It added that U.S. rates were little changed for the month, as were European yields, with negative rates continuing across Japanese, Swiss and German government bonds. The U.S. dollar gained for the month against the Japanese yen and Swiss franc, recovering intra-month weakness into month end as investors began to speculate on near term rates increases by the U.S. Fed. Commodities diverged for the month, with energy gains led by oil, while metals declines were led by platinum and silver; wheat, cotton and corn posted steep declines in agricultural commodities.

Event driven delivers 1.34% gain last month

The HFRX Event Driven Index posted a gain of +1.34% for August, +7.11% YTD, extending its gains from prior months. The H......................

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