Fixed-income players weather storm as bonds stay bullish


Outside of managed futures, fixed-income was one of the few areas where hedge funds managed to make money in August, with the continued rally in government bond markets benefitting most funds in the space.

A greater proportion of managers ended the month in positive territory than was the case for most other strategy types, although there were still a lot of fixed-income-focused funds that lost money. And the returns were more modest than in other areas, both up and down.

Prologue led the way in August with a gain of 2.59%, while Brummer & Partners Nektar made 2.28%