Glenview, Odey, York Lose In August; Elliott and Greenlight Gain

The best performing hedge fund strategies of the year, Event Driven and Equity Long/Short, did no better than others as markets were thrown into turmoil once again in August. HFRX Equity Hedge Index was down 1.9 percent in the last month, whereas Event Driven Index was down 0.5 percent in the same period. EurekaHedge also posted decline in Long/Short Equity of -0.2 percent, however, Event Driven was up 0.9 percent.

The best of the hedge fund industry could not save themselves from losses in the period. Odey...