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BarclayHedge: Hedge Funds Gain In August

Hedge Funds gained 0.42% in August according to the Barclay Hedge Fund Index compiled by BarclayHedge. Year to date, the Barclay Hedge Fund Index is up 1.55%, while the S&P has gained 9.94%. “New all-time highs for the S&P 500 and Nasdaq coupled with a rally in US Treasuries helped set the stage for another profitable month for hedge funds,” says Sol Waksman, founder and president of BarclayHedge. Overall, 15 of Barclay’s 17 hedge fund indices gained ground in August, including the Healthcare & Biotechnology Index (up 5.21%), marking five consecutive months of gains. Distressed Securities were up 1.88%, Equity Long Bias...