Hedge Funds Return Negative 1.53% in August

For the first time since June 2006, hedge funds delivered a negative monthly return in August, declining by 1.53%, Investment Week reports, citing data from Lipper’s Hedge Fund Insight Report. And for the first time this year, all hedge fund categories were also negative.

Although the Credit Suisse/Tremont Hedge Fund Index declined in August, it is up 7.03% year-to-date.

By comparison, the S&P 500 Total Return Index was up 1.5% in August, the MSCI World Index dipped 0.03%, and the Lehman Global Bond Aggregate Index rose 1.23%.

The top-performing hedge fund category was the Equity Market-Neutral strategy, down 0.39%, and the worst-performing was the Managed Futures strategy, down 4.61%.