Hedge Funds Lost $6.3 Billion In August: Eurekahedge

August was not an easy month for even the biggest hedge funds. Uncertainty in the global economy stemming from taper talk at the Federal Reserve and war drums at the White House depressed equity returns and made it more difficult to put up returns. According to a new EurekaHedge report on hedge fund returns, the average hedge fund lost around 0.23 percent in August. The new report takes a look at which sectors of the hedge fund world performed well. In general, the hedge fund world is looking reasonably healthy. More than 500 new funds had been launched by the…