Strong August Markets Help, Hurt Hedge Funds

September 15, 2000 ( - Rebounding markets lifted the CSFB/Tremont Hedge Fund Index 3.4% in August, as gains in long/short equity funds were limited by the impact to short sale portfolios.

The Long/Short Equity Index topped the style list with a 4.9% return for the month.

However, year-to-date Convertible Arbitrage is far ahead of the other nine style-driven sub-indices with a 21.9% return.

The index is calculated monthly and includes the results of 335 funds, drawn from more than 2600 hedge funds, both US and offshore. 

Funds must have at least US $10 million under management and an audited financial statement. The Index does not include funds of funds.

Performance for the CSFB/Tremont Hedge Fund Index and the nine style-driven sub-indices are calculated monthly.