Final performance for the Dow Jones Credit Suisse Hedge Fund Index has been confirmed up 0.23 per cent in August and 2.46 per cent year-to-date.

Seven out of ten sectors posted positive performance for the month.

In contrast, global equity markets, as represented by the Dow Jones World Index, fell 3.62 per cent amid market concerns over the weakening pace of global economic growth.

Among the top performing hedge fund sectors for the month were managed futures (+4.87 per cent) and global macro (+1.48 per cent), which benefited from long fixed income positions and relatively low exposure to equity markets.

Equity market neutral and long/short equity posted the worst performance this month, finishing down 1.55 per cent and 1.12 per cent respectively.