Monday, September 21, 2015
Barclay Hedge Fund Index Drops 2.45% in August; China Slowdown Sparks Contagion Fears
FAIRFIELD, Iowa, September 21, 2015 — Hedge funds lost 2.45% in August, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index remains up 0.23% year to date.
“A surprise currency devaluation by the People’s Bank of China on August 11 was interpreted by investors as an indication of a weakening economy, and sparked a global sell-off of risk assets,” says Sol Waksman, founder and president of BarclayHedge.
Read the entire Hedge Fund Press Release by clicking here.
“A surprise currency devaluation by the People’s Bank of China on August 11 was interpreted by investors as an indication of a weakening economy, and sparked a global sell-off of risk assets,” says Sol Waksman, founder and president of BarclayHedge.
Read the entire Hedge Fund Press Release by clicking here.
Labels: BarclayHedge press release, hedge fund performance
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