Absolute Return indices: Hedge funds bleed in August

Thu Sep 27, 2007



August witnessed big losses for hedge fund strategies across the board, with the Absolute Return Composite Index down 0.90%, its second consecutive month in negative territory. Only three strategies produced gains, with mortgage-backed securities leading the way, up 0.80%.


ABSOLUTE RETURN STRATEGY INDICES

Strategy

Aug 07

YTD

Arbitrage

0.14%

4.78%

Commodities

-1.57%

5.45%

Convertible & Equity Arbitrage

-0.96%

2.59%

Credit

0.00%

5.04%

CTAs

-2.21%

0.10%

Distressed

-0.70%

4.51%

Event Driven

-1.77%

5.40%

Fixed Income

-0.87%

3.50%

Global Equity

-1.78%

6.57%

Latin American Debt

-1.41%

5.54%

Latin American Equity

-2.12%

9.77%

Macro

-0.16%

8.15%

Mortgage Backed

0.80%

4.40%

Multistrategy

-0.92%

6.10%

Technology

0.70%

7.59%

US Equity

-0.07%

6.34%

Absolute Return Composite

-0.90%

5.85%


Source: Absolute Return




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