Tech and fixed income funds profited while managed futures funds suffered their fourth consecutive month of losses.
The HedgeFund Intelligence Global Composite dropped 0.31% in August, but remains up 4.42% for the year.
Hedge funds in the U.S. were about flat for the month, falling 0.23%. Half of the 16 strategies tracked by the Absolute Return database were profitable for the month, with technology, fixed income, and commodities funds in front.
Macro funds suffered their third straight losing month, dropping 1.23% for August. The strategy is also one of a handful in the database that is down for the year, with a drop of 0.34%.
Note: These indices were accurate as of September 10th, and are subject to