Home Business NewsBusiness Hedge funds return 0.78% in August as dovish Fed boosted market sentiment

Hedge funds return 0.78% in August as dovish Fed boosted market sentiment

by LLB Editor
29th Sep 21 12:40 pm

Hedge fund managers ended the month of August up 0.78% on an equal-weighted basis, and up 0.25% on an asset-weighted basis.

Global markets were buoyed by a rise in investor risk appetite due to the continuation of highly accommodative monetary policies and the dovish comments made by Federal Reserve chairman Jerome Powell during the Jackson Hole symposium.

On a year-to-date basis, global hedge funds were up 8.56% over the first 8 months of 2021, recording the strongest August year-to-date return since 2009 despite the ongoing pandemic.

Returns were mostly positive across geographic mandates in August with European hedge funds in the lead with a return of 1.06% while Latin American hedge funds trailed behind their geographic peers with a return of -0.82%.

Across strategies, long short equities and distressed debt hedge funds outperformed their strategic peers with returns of 0.97% and 0.78% respectively throughout the month.

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