Hedge Fund AUM Increase As Flows Outpace Losses

Composite hedge fund performance was down in August, losing between 0.86% and 0.49% compared to gains ranging from 1.32% to 1.4% in July, according to research from Citi analyst Sandy Kaul. Considering the stock market’s surge in July and downward correction in August, the reversal isn’t much of a surprise. Global financial markets declined in August “Global financial markets declined in August as Emerging Market equities and currencies extended prior month declines, and investors positioned for volatility associated with reduction of stimulus by the US Federal Reserve and uncertainty over possible military conflict in the Middle East,” writes Kaul. Of…