Global multi-strategy up 0.19% as risk aversion returns to global equity markets

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August saw risk aversion returning to global equity markets, and in a tough month the global multi-strategy sector managed to eke out a positive return.

The InvestHedge global multi-strategy median was up by 0.19%, with fixed income and global macro the only bright spots for many. Managers that held trend-following or long fixed income positions would have benefited, while the CTAs boosted the un-correlated parts of any portfolio that held them.

The global multi-strategy median is still negative year to date at -0.11%, and many of the well-known names in the sector are under water for the year.