Index turns negative for the year after August rout

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A miserable month in the markets in August took a heavy toll on European hedge funds, with the EuroHedge Composite index down by 1.91% on a median basis and by 2.56% on a mean basis to take the index into negative territory for the year.

Equity-based strategies were by far the hardest hit – with the medians for global equity and emerging market equity both down by more than 5% on the month. European long/short equity funds fell by around 2.5% on a median basis, and by around 4% on a mean average basis.