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eVestment: Hedge Funds Up In August

Data shop eVestment saw the hedge fund industry in the green again in August, albeit marginally, up +0.04%. This brings eVestment's hedge fund universe to +1.10% for the year. Some of the more interesting observations from eVestment include: Among primary strategies, Event Driven-Activist funds were among the big winners in August, with performance of +1.93%, bringing YTD performance to +2.72%. Managed Futures funds also put up strong returns in August, coming in at +1.77% for the month, although these funds’ performance is still negative for the year at -1.83%. Macro funds were the only primary strategy to post negative returns for the month, with...