Hedge funds drop 1.76% in August - HFI

By Josh Friedlander

Wed Sep 7, 2011

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Full index stats and benchmarks are now live from HedgeFund Intelligence. Also, see links to the latest stories from EuroHedge, AsiaHedge, InvestHedge, AR and Absolute UCITS.

August was a difficult month for hedge funds, although they still significantly outperformed the major market indices. The HedgeFund Intelligence Global Composite Index dropped 1.76% against a 7.05% loss in the MSCI World Index (net).

•  Emerging Market Equity  funds fell 7.24%, making them the worst global performers of the month. Through August, the Index is down 8.40% which is its worst performance since 2008, when it was down 15.25% during the same period.

Event Driven funds fell 4.65% in August, and are down 3.87% for the year so far. This is the worst monthly performance for the strategy since September 2008 when Event Driven funds fell 5.85%.

Our indices are updated daily as new funds report to the HedgeFund Intelligence databases, which contain performance information for nearly 8,000 funds (and 2,700 firms) globally. Please view the individual indices (using the links below) for the most up-to-date performance data.

HedgeFund Intelligence Indices

Median Hedge Fund Returns by region

Region Database
(click for full stats)
August YTD
Asia AsiaHedge -2.12% 1.34%
Europe EuroHedge -1.77% -1.71%
U.S. AR -1.40% 0.77%
UCITS Absolute UCITS -2.36% -2.65%
Funds of Funds InvestHedge -1.32% -1.23%
Global Composite HedgeFund Intelligence -1.76% -0.68%

Global Benchmarks

Index August YTD
MSCI World Index -7.05% -3.90%
Dow Jones Industrial Average -4.36% 0.31%
S&P 500*
-5.43% -1.77%
NASDAQ Composite -6.42% -2.77%
MSCI Europe Index -9.55% -11.56%
MSCI Pacific Free Index -7.10% -7.15%
Barclays High Yield Credit Bond Index -4.00% 1.95%
Barclays Aggregate Bond Index 1.46% 5.90%
* total return

Hedge Fund News & Analysis

Click the headlines to load the full stories. Subscription or trial access is required unless otherwise noted.

European hedge fund news from EuroHedge

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Asian hedge fund news from AsiaHedge

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Macquarie pan-Asian long/short fund plots expansion

Man-GLG group gearing up for stronger Asian presence

American hedge fund news from AR

Hedge funds, in defensive mode, stockpile cash

The fall of FrontPoint

Hedge fund report card

Hedge fund investor news from InvestHedge

D.E. Shaw and Saba Capital join San Diego's roster

Carlson Capital added to line-up at Illinois Teachers

Fletcher offers Louisiana pensions IOU not cash

News from Absolute UCITS

Irish-domiciled UCITS subject to tighter rules by Chilean regulator

Platforms launch plethora of new funds

Another fund joins the billion dollar UCITS club

About HedgeFund Intelligence

HedgeFund Intelligence is the largest provider of hedge fund news and data in the world, offering a range of products to the global hedge fund industry, its investors and related companies.

Our publications include AsiaHedge, EuroHedge, InvestHedge, AR and Absolute UCITS, which together provide comprehensive global coverage of hedge funds and their investors. Our databases list information on more than 13,000 hedge funds and funds of funds worldwide, allowing subscribers to search and sort by performance, size, investment terms, vendors employed and many other criteria. Using the performance reported by funds in our databases, HFI produces free hedge fund indices that are the industry's most accurate benchmarks. Our frequent special reports include in-depth analyses of various regions and sectors. Our conferences are renowned for the quality of the speakers and programming, and our objectively-determined annual awards are regarded as the most prestigious and accurate recognition of risk-adjusted performance.

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