Forbes – The Greenwich-Van Global Hedge Fund Index returned +1.30% in August according to a preliminary report released today by Greenwich-Van Advisors, LLC, a leading hedge fund index provider. In comparison, the S&P 500, NASDAQ, Nikkei 225 and the Lehman Brothers Aggregate Bond Index returned +2.38%, +4.41%, +4.42% and +1.53%, respectively.
“Hedge fund returns bounced back in August after increased market volatility over the summer spooked many hedge fund managers which created selling pressure,” notes Wade McKnight, Vice President of Greenwich-Van. “Better than expected earnings growth and a pause in interest rate tightening created an attractive trading environment for most equity and fixed income strategies. Emerging market managers, followed by equity-based strategies delivered the strongest results in August, while, not surprisingly, short sellers delivered the weakest result. Many weak performing strategies early in the summer proved to be the strongest contributors to August index results.”
The Index represents the average performance, net of fees, of hedge fund managers that report to Greenwich-Van. Past performance and index construction methodology may be viewed at www.greenwich-van.com.
