Atlantic Absolute Return Fund Hit By Short Bets In August

August was a difficult month for hedge funds, but a few are starting to get their legs under them after what’s been a challenging year so far. Regal Funds Management’s Atlantic Absolute Return Fund was up 1.58% for August. The S&P 500 gained 0.42% in August. [activistinvesting] Q2 hedge fund letters, conference, scoops etc Regal’s Atlantic Absolute Return Fund remains in the red The Australia-based fund with A$259 million in assets under management apparently outperformed most other major hedge funds in August. The global Eurekahedge Hedge Fund Index was up a mere 0.05% for the month. The Atlantic also performed…