New York (HedgeCo.net) \u2013 With only one week to go in August, the S&P is down over 10% so far this month and the index is facing its worst monthly loss since February 2009. Based on information from a Wall Street Journal article, hedge funds are faring much better than the overall market during this rout.<\/p>\n
According to the article Morgan Stanley\u2019s prime brokerage, equity-focused hedge funds experienced average losses of 1% on both Thursday and Friday and that was the first time since August 2011 the industry as a whole saw such losses. Morgan Stanley also reported that the average hedge fund is down 1.7% so far in August and is up less than 2% on a year to date basis. Considering the 10% loss in August and a loss of over 8% YTD for the S&P, hedge funds as a whole are still looking pretty good.<\/p>\n
At HedgeCo.net and at HedgeCoVest, we have continuously pointed out how the hedge fund industry as a whole is likely to lag the overall market during an extended bullish period, but when the market gets more volatile, enters a correction or enters a bearish phase, hedge funds tend to outpace the overall market.<\/p>\n
Rick Pendergraft
\nResearch Analyst
\nHedgeCoVest<\/p>\n","protected":false},"excerpt":{"rendered":"
New York (HedgeCo.net) \u2013 With only one week to go in August, the S&P is down over 10% so far this month and the index is facing its worst monthly loss since February 2009. Based on information from a Wall […]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,3,16048],"tags":[],"class_list":["post-49702","post","type-post","status-publish","format-standard","hentry","category-hedgeco-networks-press-releases","category-hedgeco-news","category-hedgecovest-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=49702"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49702\/revisions"}],"predecessor-version":[{"id":49703,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/49702\/revisions\/49703"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=49702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=49702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=49702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}