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European Hedge Fund Index Shows Positive August
The TARA European Hedge Fund Benchmark rose by 1.38 per cent in August 2005. The highest performing strategy was European event driven wi...
The TARA European Hedge Fund Benchmark rose by 1.38 per cent in August 2005.
The highest performing strategy was European event driven with a rise of 2.14 per cent (up 5.34 per cent year-to-date). All four strategies delivered positive results during the month although relative value only managed to secure a 0.57 per cent gain (3.07 per cent year-to-date).
Year-to-date, the best performer has been the long-short strategy with gains of 9.24 per cent (1.63 per cent in August).
The overall Benchmark consists of the 4 broad and 19 sub strategies within the European hedge fund sector.
The TARA European Hedge Fund Benchmark is derived from the TARA Capital database of more than 300 European focussed hedge funds. Geneva-based TARA define a European hedge fund as a fund that invests the majority of its assets in European instruments or market.