A lacklustre month sees August end flat


August ended with funds of funds up 0.11%, but the year to date is still down by 0.28%, according to the InvestHedge fund of hedge funds composite. Global multi-strategy funds were up 0.19% in August, with the year to date at -0.11%. It was the equity markets that let the show down after a good start at the beginning of August.

Global macro was the top performer over the summer, up 1.18%, allowing the year-to-date returns to recover at 0.23%.

All other strategies were lacklustre, despite the volatile equity markets. US and European funds of