August was another volatile month in the underlying equity and commodity markets, with the MSCI World Index and the Reuters CRB Index down 1.6% and 5.6% respectively. Against this backdrop, the Eurekahedge Hedge Fund Index shed 1.2%1in course of the month, with assets within the industry recording a similar decline (in percentage terms). The AuM of the hedge fund industry as at the end of August 2008 was US$1.9 trillion, with both negative performance and redemptions responsible for the decline.
