![flat graph](https://www.hedgeweek.com/wp-content/uploads/2011/02/Flat-graph.jpg)
Hedge fund performance remains muted as emerging market mandate languishes under trade concerns
The asset-weighted Mizuho-Eurekahedge Index – USD was down 0.41 per cent in August, underperforming the equal-weighted Eurekahedge Hedge Fund Index which declined 0.05 per cent throughout the month. Nearly half of the fund managers overseeing assets in excess of USD1