The HFN Hedge Fund Aggregate Index was -2.77% in August and -2.18% YTD 2011. Total industry assets fell an estimated 0.86% to $2.548 trillion as performance accounted for a decrease of $30.6 billion and investors accounted for a net inflow of $8.6 billion.
The net inflow in August was a reversal of the three month downward trend which ended with the outflow in July. Total estimated net capital increase for hedge funds in 2011 stands at $70.8 billion. Commodity, primarily precious metals and grains, along with short equity exposures were the saving grace for aggregate hedge fund returns in August and fixed income strategies again outperformed equity funds, the latter posting negative average returns for the fourth consecutive month, the longest losing streak since 2008.
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