20/09/2012
Edhec: two hedge fund strategies show losses in August
Dedicated short bias and CTA Global were the only strategies to show losses last month, out of the 13 strategies monitored by the Edhec Risk Institute, with losses of 3.24% and 0.90%, respectively. The best returns were for event-driven, with gains of 1.38%, and distressed securities (+1.21%), followed by long/short equity (+1.02%).The best strategy since the beginning of the year is convertibles arbitrage, with gains of 6.7%, followed by distressed securities (+6.3%). Only dedicated short bias shows losses in the first eight months of the year, with losses of 10.9%.
