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In the week ending September 18th 2020, Eurekahedge reported that global hedge funds recorded their best five-month performance of 12.85% in August after they suffered from their worst quarterly performance of 8.02% in Q1 2020. In terms of year-to-date return, the Eurekahedge Hedge Fund Index was up 3.79%, with around 22.5% of hedge funds managers posting double-digit returns over the first eight months of the year
Also according to eVestment data, the industry gained an average of +2.5% in August, bringing the year to date (YTD) average return firmly into positive territory at +2.21%. BarclayHedge said the funds recorded five straight positive month returning 2.42% in August. By comparison, the S&P 500 Total Return Index was up 7.19% in August.
Meanwhile, managed futures funds turned in another positive month in August returning 0.18%, according to the Barclay CTA Index, compiled by BarclayHedge, a division of Backstop Solutions. For the year-to-date, CTAs were up 2.73% thr...................... To view our full article Click here
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