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Australian hedge funds rise by 0.22 per cent in August

September 16, 2010 at 6:13 am

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Australian hedge funds rose by 0.22 per cent in August, according to data from Australian Fund Monitors.

Most funds weathered a mixed and difficult company reporting season, which saw the ASX200 lose 1.99 per cent.

Equity strategies overall slipped 0.26 per cent with market neutral (+1.18 per cent) equity income (+0.96 per cent) and event driven (+0.75 per cent) the leaders to date.

Mon equity funds fared better at +1.53 per cent overall, with global macro (+4.22 per cent) the standout strategy, followed by managed futures at +1.07 per cent.