The parade of gains for hedge funds continued in August with 0.97% returns, extending their streak to 10 consecutive months in the black, according to research data from Preqin.
These gains have helped increase the Preqin All-Strategies Hedge Fund Benchmark return 7.03% for the duration of 2017 and 9.79% over the past 12 months.
All leading strategies performed well for the month, with the highest being equity and macro strategies funds, which each generated 1.07%. The highest-performing geographic region funds were emerging market funds, which returned 2.47%,and brought 2017 year-to-date returns to 12.26%. Asia-Pacific-focused funds were hot on their tail, with 10.47% returns over the same period.
Commodity Trading Advisors (CTAs) also kept their hot streak alive in August, returning 1.27% for the month. The boost was assisted by CTAs with a predominantly systematic trading methodology, as opportunity for returns came from volatility in energy prices due to Hurricane Harvey.
The chart for single-manager hedge funds can be viewed below:
Tags: Hedge Funds, Preqin, Research