The UK's Times Online, citing Hedge Fund Research (HFR), reports that hedge fund strategies of all sorts took a beating in August:
Of the 20 daily hedge fund indices tracked by HFR, only one managed a positive result in August with the other 19 showing a negative performance.
One fund index - the Macro index - lost more than 8 per cent of its value during the four-week period.
The uniformity of the losses across much of the industry raised questions over the role of hedge funds, which market themselves as alternatives to traditional equity investment in return for large fees.... From Portfolio.com
