Hedge Funds Decline in August, Distressed Debt Best Performer in 2013

Hedge funds witnessed slightly negative returns in August amid increased risk aversion in global markets during the month. The Eurekahedge Hedge Fund Index was down 0.32% during the month, outperforming global stock indices as the MSCI World Index declined by 2.26% in August. Key takeaways for the month of August 2013: Global hedge fund AUM declined by more than US$6 billion in August Launch activity picks up pace in 2013 with more than 500 funds launched globally July year-to-date Hedge funds across major regions outperformed underlying markets in August Distressed debt investing remains the best performing strategy in 2013, up…