CTA/managed futures hedge funds rebound in August with strong performance driven gains
Q2 hedge fund letters, conference, scoops etc
Equal-weighted and asset-weighted hedge fund performance
Hedge fund managers ended August 2019 down 0.35% on an equal-weighted basis, and 0.54% on an asset-weighted basis. The risk-off sentiment persisted throughout the month, as the US labelled China a currency manipulator, intensifying the tension between the two economies.
CTA/managed futures hedge funds were up 1.89% in August with managers citing long exposure to metals and fixed income, as well as short exposure to the energy sector as performance drivers. The mandate’s AUM has grown by US$18.6 billion year-to-date, in contrast to the US$45.5 billion decline recorded over 2018.
Hedge fund performance by region (2019 YTD)
Hedge fund performance by strategy (2019 YTD)
Annual return and launches/closures of the global hedge fund industry
Article by Eurekahedge
