Great Caesar's Ghost! According to Global Pensions, hedge funds overall lost 2.3% in August - a poor month by their own standards - but this average figure for the $2trn industry masks eye-watering numbers some individual managers are now posting to data providers. Computer-driven strategies was one area that bucked the industry's losing trend, by making 0.2%, according to database BarclayHedge.
Figures today from another US-based monitor, Institutional Advisory Services Group, revealed just how far some winning funds avoided losses and made gains instead. Top o’ the pile was Opti Global Macro fund, from FSA- and FINRA-authorised American manager Opto Global Macro LLC. It gained 77.7% for the month and is up 84.1% this year - making it also the top performer year to date on IASG's list.
Last month double digit gains - of between 59% and 10.4% - also came from Stratford Capital Management, Kinkopf Capital Management, Superfund Group, Purple Valley Capital, Siwtzerland's Rho Asset Management and Altradis Capital, Chadwick Investment Group, Neural Capital, Insignia Futures & Options, and Dunn Capital Management….
Wait, wait....there's more at http://www.globalpensions.com/global-pensions/news/2108561/uncovered-hedge-fund-august
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