Global hedge funds posted positive results in August even as the unwind in popular yen carry trades whipsawed markets, bank research and sources familiar with the funds’ performance showed on Wednesday.
Multi-strategy hedge funds that house many different kinds of trading desks under one roof averaged 0.1% for the same period, the bank added. The multi-strategy Winton Fund, which uses quantitative trading, is up 8.1% for the year so far, whereas the Diversified Macro fund is up 4% for the same time period.
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