EuroHedge Composite index posts a modest gain

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The EuroHedge Composite Index was narrowly positive after another topsy-turvy month in August, up by 0.30% on a median basis and 0.22% on a mean basis for year-to-date returns of just over 1%.

Managed futures was by far the outstanding performer, with a median return of 2.67% on the month, while the medians for macro, convertible arbitrage, credit, event-driven, emerging market debt and fixed-income were all positive.

The currency, multi-strat and equity market-neutral/quant medians were flat, while all the long/short equity medians were flat or down - with the global equity index down by almost 1%.