Pivotal Point of View — August 2020

Published 15 September 2020 · Covers August 2020

Originally issued as August 2020.

Hedge funds were up broadly in August, led by equity-focused managers and multi-strategy funds. Managed futures lagged on both a monthly and YTD basis.

+1.8%Composite, August

+2.6%Composite, year to date

+3.7%Composite, Q3

Equity SectorLeading strategy

Headline strategy indices

Strategy	August	Year to date
Equity Sector	+3.0%	+10.3%
Equity Diversified	+2.8%	+3.3%
Event Driven	+2.5%	+1.3%
Credit	+1.7%	−1.3%
Multi-Strategy	+1.4%	+4.4%
Global Macro	+0.6%	+1.1%
Volatility Trading	+0.2%	+9.0%
Equity Quant	−0.1%	−4.0%
Managed Futures	−1.5%	−2.4%

Net of fees, in USD. The Composite plus the nine headline indices with a published monthly series; ordered by month return.

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