Negative August hedge returns

Lipper's Hedge Fund Insight Report shows that funds fell in August for the first time since June 200...

Lipper's Hedge Fund Insight Report shows that funds fell in August for the first time since June 2006 as the sub-prime syndrome spread. The Credit Suisse/Tremont Hedge Fund Index returned -1.53% in August for a year-to-date (YTD) return of 7.03%. Other findings include that on a monthly basis, overall hedge fund performance lagged many traditional equity and fixed income fund indices. The S&P 500 TR Index returned 1.50%, the MSCI World (USD) Index returned minus 0.03%, and the Lehman Global Bond Aggregate returned 1.23%. For the first time in 2007, all hedge fund sub-strategies ended in...