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In the week ending September 23rd 2022, a report revealed that the Eurekahedge Hedge Fund Index gained 0.04% in August, a second consecutive month of positive returns following a 1.5% gain in July, even as the broader markets continued to plummet. Following back-to-back monthly gains, global hedge funds have pared back losses to 4.1% YTD. By comparison, the S&P 500 is down 17.0%. Distressed debt (1.7%) was the top-performing strategy in August, marking the highest monthly return since May 2021.

Meanwhile, equities became one of the worst hedge fund strategies in August after being one of the strongest in the overall returns in July. Equities was one of only two strategies in the red last month at -0.8% - with multi-strategy being the only worse strategy at -1.4% for August. Given that the August performance was so mixed, it should be no surprise to see that only 56.5% of hedge funds administered by Citco generated positive returns, compared to 69.9% in July.

In new launches, the D. E. Shaw Group is raising money for a new fund - the hedge fund giant disclosed in a regulatory filing that it's in the process of launching the D. E. Shaw Diopter Fund; Arquant Capital, an independent French asset management company specialized in crypto-assets has just launched Arquant Bitcoin Dynamic and Arquant Ethereum Dynamic, its first two funds geared towards professional investors, while Anomaly Capital Management, the hedge fund run by the former co-chief investment officer of Viking Global Investors, raised $500 million in the past five months.

In the meantime, Neuberger Berman Group, a private, independent, employee-owned investment management firm, closed its fifth global private equity ......................

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