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In the week ending September 17, 2021, according to the just-released eVestment August hedge fund performance data, the aggregate return for the global hedge fund business was +0.77% in August, a return to positive territory following a dip into the red in July. The vast majority of mangers reporting to eVestment (67.4%) had positive returns last month, the best level in three months. August gains brought the year-to-date hedge fund industry aggregate return to +9.53%.

Barclay Hedge also said that the hedge fund industry generated an average return of 1.23% in August 2021, which may have pushed its winning streak into double-digits. For the year to date, the Barclay Hedge Fund Index was up 10.00%. 28 of 30 hedge fund subsectors tracked in the Barclay Hedge Fund Indices posted monthly gains in August, led by the Emerging Markets MENA Index which was up 3.54% and the Technology Index ahead 3.36%.

Meanwhile, hedge funds running less than $1bn gained almost twice as much as their Billion Dollar Club (BDC) rivals in August. In a notably strong month for the emerging funds industry, sub-BDC funds rose 0.8%, compared to 0.5% for funds with more than $1bn. The global industry averaged a 0.8% gain on a non-weighted basis. Relative value/arbitrage funds (up 2%) and eventdriven (1.4%) drove the gains across all fund sizes. Fixed income and credit lagged, edging forward just 0.2%.

The Eurekahedge Hedge Fund Index was up 0.80% in August 2021, trailing behind the global equity market as ......................

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