GLOBAL - Hedge funds are now down a modest 1.2% for this year after a 2.3% loss in last month's turbulent markets, concentrated among equities and event-driven strategies, eliminated hard-won gains up to July.
August's figure, registered by data monitors Hedge Fund Research, was the industry's sharpest fall since May 2010, at the early height of the eurozone's debt crisis. The drops in value of 4.1% a...
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