With an August return of 1%, hedge funds extended their winning streak to 10 months, according to alternatives data provider Preqin’s All-Strategies Hedge Fund benchmark.

The benchmark is up 7% for the year to date, and up 9.8% for the previous 12 months.

Preqin recently examined the extent to which first-time funds outperform more established ones.

All leading hedge fund strategies made gains in August, Preqin reported:

Equity strategies

  • August: 1.1%
  • July: 1.5%
  • Year to date: 8.9%
  • 12 months: 11.6%

Macro strategies

  • August: 1.1%
  • July: 0.6%
  • Year to date: 2.7%
  • 12 months: 4.1%

Multi-strategy

  • August: 0.6%
  • July: 1.1%
  • Year to date: 7.1%
  • 12 months: 9.2%

Credit strategies

  • August: 0.4%
  • July: 0.7%
  • Year to date: 5.3%
  • 12 months: 8.3%

Event-driven strategies

  • August: 0.4%
  • July: 0.8%
  • Year to date: 6.8%
  • 12 months: 12%

Relative value

  • August: 0.4%
  • July: 0.6%
  • Year to date: 2.9%
  • 12 months: 5%

Emerging markets were the top-performing geographic region, returning 2.5% in August, which brought year-to-date gains to 12.3%.

The Asia/Pacific region followed, up 1% and up 10.5% for the year to date. Europe was up 0.3% and 5.9%, and North America up 0.1% and 4.5%.

CTAs in August added to their recent positive run, recording a 1.3% return. They were up 1% in July and have returned 1.9% for the year to August.

CTAs with a systematic trading methodology helped boost August returns, up 1.8%, as volatility in energy prices spiked owing to Hurricane Harvey. Systematic traders have returned 1.8% for the January-to-August period.

Discretionary CTAs, in contrast, lost 1.1% in August, and are now up just 0.4% for the year to date.

— Check out High Alternative Asset Deal Pricing Worries Investors on ThinkAdvisor.