“The Dow Jones Credit Suisse Core Hedge Fund Index finished down 2.88% in August.” Oliver Schupp, President of Credit Suisse Index Co., LLC, said, “Despite challenging conditions throughout the month, hedge funds appeared to be effective in providing a degree of capital preservation when compared to global equity markets, which fell 7.69% as represented by the Dow Jones Global Index. This outperformance is largely due to the strategic de-risking of many managers who began reducing net exposure in the weeks, or even months, preceding the correction.”
For further analysis of how hedge funds performed in the weeks following S&P’s downgrade of the U.S. credit rating, please see our August 14th press release “Hedge Fund Hold Their Own in August” or click here.
Editing by Alex Akesson
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