August proves a struggle for funds of funds


The markets were not kind to hedge funds in August with the InvestHedge Composite down 2.11%, taking the year-to-date returns to -2.02%.

Global multi-strategy funds of funds fared slightly worse in August, down 2.15%, with the year to date at -1.76%. No fund of hedge fund strategy posted positive returns in August with the biggest losses from US equity long/short FoHFs, which saw the median down 3.90% in the month and -2.21% for the year to date. European equity FoHFs have had the worst year so far, down 5.75%, and August saw them return