Three quarters of hedge funds produced positive returns for 2017 with the average return from positively-performing products nearing 10%, according to the eVestment Hedge Fund Performance Report for August.
India funds saw “exceptional” year-to-date returns at 22.77%. Overall the industry returned 0.74% in August bringing year-to-date performance to 5.47%.
Emerging markets hedge funds continued their winning streak in summer, as Brazil-focused funds took the lead in August with a 5.34% rise in performance, bringing year-to-date performance up 16.88%.
China-focused funds have been the top performers so far in 2017, returning 23.02% so far.
Aggregate returns from activists went into negative territory at 0.02% in August, but the universe remains among the best performing non-emerging market strategy in 2017 at 6.63%.
Managed futures’ returns continued to rebound in August at 1.22%, but year-to-date performance was just 0.76%.
©2017 funds europe