Monday, September 19, 2011
83% of Hedge Funds Report Losses in August; Barclay Hedge Fund Index Down 3.42%
FAIRFIELD, Iowa, September 19, 2011 – Most hedge fund strategies experienced widespread and significant losses in August, contributing to a 3.42% fall in the Barclay Hedge Fund Index compiled by BarclayHedge. Year-to-date, the Index is down 2.50%.
“In what has been the worst month since Lehman’s failure in September 2008 when hedge funds dropped 6.99 percent, more than 83 percent of the 3,120 funds that have so far provided us with an August return have reported a loss,” says Sol Waksman, founder and President of BarclayHedge.
Read the entire Hedge Fund Press Release by clicking here.
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