Hedge Funds Return 1% in August; Now Up 7% for the Year

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%.