Hedge funds held gains in August market rollercoaster

📆 9/4/2024 10:22 AM
📰 globeandmail

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Funds posted an average positive 1.3% return for the month

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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