WEST PALM BEACH, FL (HEDGECO.NET) – The Van Global Hedge Fund Index gained 0.2% net of fees in August, according to new preliminary report released by Van Hedge Fund Advisors International LLC (VAN).According to Van, the index gained a cumulative average of 1.5% for the year so far. Hedge funds have struggled during the months of April through July as market activity and volatility dried up.
George Van, Chairman of VAN said, “After sustaining losses in July, it looks as if hedge funds recovered slightly in August, with about 60% of the funds in our sample reporting a net gain for last month. Rising, and then falling, oil prices created a lot of volatility among equities last month, but world stock markets managed to end the month up a bit�.
Van added, �The same appears to be true for long/short equity hedge funds, and most other hedge fund strategies as well. Macro strategy funds, however, have reported some of the worst August results we’ve seen so far. Those funds often make directional bets on various commodities and economic sectors; market movements the last few months have proven difficult for those funds to anticipate�.
The gains made by hedge funds in August trail the returns posted by S&P 500 and the Dow Jones Europe Stock 50 Index, both indexes returned 0.4%, while the MSCI world index gained 0.3% for the same period. According to VAN, hedge funds returns for the year to date [1.5%] are better than the year to date average recorded by the equity indexes. The S&P 500 and the Dow Jones Europe Stock 50 Index, posted year-to-date losses of -4.5% and -0.6%, respectively, according to VAN.
Van Hedge Fund Advisors International, LLC (“VAN”) is a global hedge fund advisory firm that constructs hedge fund portfolios for international institutions and wealthy investors. VAN bases its work on its pioneering research on hedge funds begun in the early 1990s and by drawing on its hedge fund database.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
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