Hedge funds see biggest losses since financial crisis

August was the cruellest month for hedge funds, which suffered their steepest losses since the financial crisis, according to new figures.

The Daily Telegraph reports that funds’ strategies lost $88.9bn during the month, the largest performance losses since October 2008, as runctions in Chinese markets caused large price swings across continents and asset classes.

Despite the steep losses, the hedge funds managed to attract $10.5bn in net new money from investors in August, bringing their overall loss for the month to $78.4bn, according to data from Citigroup. Investors have committed more money than they have withdrawn from hedge funds in eight of the past 12 months.

To access the complete Daily Telegraph article hit the link below:

Hedge funds suffer biggest losses since the financial crisis

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