Hedge Fund Performance Continues To Improve As CTAs Struggle

This year has been one to forget for many managers in the $3 trillion global hedge fund industry.

Q2 2020 hedge fund letters, conferences and more

Although headline figures show the industry has put in a positive performance year-to-date, the upbeat performance has not been widely shared.

Wide spread of hedge fund returns

The HFRI Fund Weighted Composite Index -- an investable barometer of the broader hedge fund industry published by Hedge Fund Research -- was up 2% for the year to the end of August.

Following this performance, the index has surged 15.4% from Q1's coronavirus meltdown, marking the most substantial five-month total return since February 2020.

Macro, equity long-short, and activist hedge funds seem to have registered this year's biggest positive...