(Opalesque) Opalesque Industry Update – August was characterized by muted volumes and volatility across most asset classes. The MSCI World index gained 0.1%, while the Barclays US Aggregate Bond Index declined by 0.1%. GAM portfolio manager Anthony Lawler commented: “There were no meaningful catalysts to lead markets, and this, combined with typically low seasonal volumes, meant performance and volatility in major asset classes were subdued. August highlights included gains in the energy space following rumours of an upcoming oil production freeze, while US equities reached record highs mid-month and corporate credit continued to rally. However, most markets were broadly unmoved by the data releases and news reports in August.”
August: A quiet month for markets and hedge fund strategies alike
This entry was posted in Syndicated. Bookmark the permalink.
