New York (HedgeCo.net) \u2013 August came to a close yesterday and after all the gyrations and increased volatility, the final result for the month was a loss of 6.26% for the S&P 500. That is the worst monthly loss for the index since May 2012.<\/p>\n
Over the next few days we will likely get performance numbers from the majority of the hedge fund world and from initial reports it was a mixed month for some of the prominent hedge fund managers. As far as the industry as a whole, data from Hedge Fund Research suggests that the average fund lost 2% in August and the average loss for the year is now right at 1%.<\/p>\n
Two fund managers whose results are already known are David Einhorn\u2019s Greenlight Capital and Daniel Loeb\u2019s Third Point. According to a report from Reuters, Greenlight lost 5.3% in August and is now down 13.8% on the year. Third Point\u2019s main fund fell 5.2% on the month, but is still squeaking out a gain of 1.2% on the year. Third Point\u2019s Ultra fund dropped 9.1% in August and is holding on to a gain for the year.<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 August came to a close yesterday and after all the gyrations and increased volatility, the final result for the month was a loss of 6.26% for the S&P 500. That is the worst monthly loss for […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048,1],"tags":[],"class_list":["post-49774","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49774","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=49774"}],"version-history":[{"count":1,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49774\/revisions"}],"predecessor-version":[{"id":49775,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49774\/revisions\/49775"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49774"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49774"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49774"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}