Hedge funds limited losses in first half of August

Hedge funds limited losses in first half of August
Through the first two weeks of the month, while the S&P 500 Index fell by 13.2%, the Dow Jones Credit Suisse Core Hedge Fund Index was down 3.7%.
AUG 14, 2011
As the equity markets have bounced to extreme levels of volatility in August, most hedge fund categories have remained relatively stable. Through the first two weeks of the month, while the S&P 500 Index fell by 13.2%, the Dow Jones Credit Suisse Core Hedge Fund Index was down 3.7%. According to Credit Suisse Index Co. LLC, managed-futures funds had the strongest performance in August with a 1.8% category average gain. The worst-performing category was long-short equity, which was down 6.5%. “Despite challenging conditions, hedge funds appear to have so far been effective in their attempt to provide a level of capital preservation, and overall have limited losses relative to perceived riskier asset classes such as equities,” said Oliver Schipp, president of Credit Suisse Index Co. From the start of the year, the broader hedge fund index is down 4.5%, compared with a 9.8% drop by the S&P. The fixed-income-arbitrage category, which fell by 0.6% in the first half of August, is still up 1.5% from the start of the year. Managed-futures funds is another category still in positive territory on a year-to-date basis, up 0.82%. The worst performing hedge fund category on a year-to-date basis is event-driven, down 5.1% this month and down 7.8% so far this year. Global macro hedge funds are down 3.4% this month and 7.4% from the start of the year.

Latest News

Vestwell unveils new emergency savings account offering
Vestwell unveils new emergency savings account offering

The fintech firm is cementing its status in the workplace savings space with its latest ESA offering, which employers can integrate into their existing benefits package.

'Money Mimosas' and other ways to show your Valentine financial love
'Money Mimosas' and other ways to show your Valentine financial love

Wealth managers offer unique ideas for couples to grow closer emotionally and financially.

Limra research finds financial confidence on the rise among Black American workers
Limra research finds financial confidence on the rise among Black American workers

Survey findings suggest increased sense of financial security and more optimistic 2025 outlook, while highlighting employers' role in ensuring retirement readiness.

DOGE efforts sideswipe muni bonds backed by federal lease payments
DOGE efforts sideswipe muni bonds backed by federal lease payments

Falling prices for some securities within the $4 trillion state and local government debt market spotlight how the push to shrink spending is sending shockwaves across the US.

Despite high marks on satisfaction, client acquisition a struggle for advisors
Despite high marks on satisfaction, client acquisition a struggle for advisors

With a majority find getting new clients a challenge, report suggests fee transparency as a way to foster trust among the unadvised.

SPONSORED Record growth: Interval funds emerge as key players in alternative investments

Blue Vault Alts Summit highlights the role of liquidity-focused funds in reshaping advisor strategies

SPONSORED Taylor Matthews on what's behind Farther's rapid growth

From 'no clients' to reshaping wealth management, Farther blends tech and trust to deliver family-office experience at scale.