Hedge funds witnessed slightly negative returns in August amid increased risk aversion in global markets during the month. The Eurekahedge Hedge Fund Index was down 0.32% during the month, outperforming global stock indices as the MSCI World Index declined by 2.26% in August.
Key takeaways for the month of August 2013:
- Global hedge fund AUM declined by more than US$6 billion in August
- Launch activity picks up pace in 2013 with more than 500 funds...
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