03.09.2007 Heavy hitters struck by August blues, Opalesque Exclusive: Early reporting mostly negative for August, Investors expect quantitative and credit hedge funds to suffer net outflows, focus on cash management and counterparty risk in operational monitoring
Heavy hitters struck by August blues From the FT: August looks to be the worst month for hedge funds in seven years and is close to being the worst since 1998 as almost all hedge strategies have failed to perform. The average hedge fund was down 3.2 per cent with one trading day left in the month, according to Chicago-based Hedge Fund Research, after a sharp recovery from a far worse position in t
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