@zinscapital: Alright lads, August hedge fund returns are out and there’s a pretty clear message in the numbers. Long biased took the month at +2.42%, followed by Quant +1.55%, Macro +1.10% and Equity L/S +0.74%. The overall hedge fund composite did +0.88%, while Arbitrage sat at the bottom at -0.30%. Not exactly a massive surprise when you look underneath the bonnet. Tech bounced, commodities had another decent month and there was enough movement across rates, FX and commodities for the more directional books to actually make some money. Where it gets more interesting is YTD. Long biased +13.13% Equity L/S +11.68% Quant +9.63% So despite all the talk about being neutral, diversified and clever, 2026 has still rewarded managers willing to actually carry some exposure. That doesn’t mean “just buy beta” far from it. The dispersion inside the strategies is still enormous. But when the tape is moving, sometimes the worst thing you can do is hedge every decent idea into irrelevance. Macro also quietly put up +1.10% in August, which I think is worth watching. If we keep getting proper moves in oil, rates and FX into Q4, there should be plenty for macro books to work with. Anyway full strategy breakdown below. You can get a more detailed breakdown in the Zinscapital terminal so make sure to preregister: http://zinscapital.com/preregister #hedgefunds #funds #finance #assetmanagement #trading

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Friday 25 September 2026 06:07:24 GMT