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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% through August.

However, not everything is rosy. Billionaire Michael Hintze's hedge fund is down 42.5% this year, with recent gains failing to make up for a slump during the market turmoil in March. Also Lansdowne Partners have suffered big losses this year. On the positive side, Third Point Ultra, which rose 11 percent in August, contributed 65 basis points (0.65 percent) of the month's return of 2.11 percent for SkyBridge's registered fund.

The Wilshire Liquid Alternative ......................

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