Fifth straight month of hedge fund gains fuels investor confidence

(Opalesque) As Wall Street experienced its best August since the 1980s, the hedge fund industry posted its fifth straight positive month returning 2.42% in August, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was up 7.19% in August. For the year-to-date, the hedge fund industry added to its gains in August, returning 2.40% for 2020. The S&P Total Return Index returned 9.74% over the same period.

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