In a brutal month, the global multi-strategy median was down by 2.29% compared with a fall of nearly 10% for the MSCI World equity index. A handful of funds did well to contain the damage but the vast majority were down. Those with directional equity exposure took sizeable hits, while commodity trading advisers were also down due to sharply reversing trends.
LODH MultiAdvisers Global Trading was up 1% on the month, leaving year-to-date numbers at 3.13%, while UBS Pactual Absolute Return gained 0.13% to take year-to-date figures to 5.24%. Silver Creek Dillon/Flaherty was off by 0.60%, leaving year-to-date returns