HFRU Indices: AUGUST 2022 Performance Notes

09/02/2022 Performance Notes

In August, global financial markets fell, reversing early month gains on continued concerns regarding generational inflation, increasing interest rates, and weakening economic growth. Global equity markets posted broad-based declines led by Technology. European declines were led by Germany & France while Asian equities were mixed. Interest rates increased as the Federal Reserve outlined that additional aggressive interest rate increases would likely be required to slow generational inflation; the US dollar gained against most currencies. Commodity declines were led by Oil, Metals, and Hogs, though Natural Gas and Cotton gained.
The HFRU Hedge Fund Composite Index posted a decline of -0.26% in August.

HFRU Equity Hedge Index declined -0.73%
HFRU Event Driven Index posted a gain of +0.58%
HFRU Macro Index gained +1.00%
HFRU Relative Value Arbitrage Index declined -0.98%

Comments reference performance as reported on August 31, 2022.