Wary of geopolitical tumult and eager for their first quiet August in years, some hedge-fund...
Wary of geopolitical tumult and eager for their first quiet August in years, some hedge-fund managers went into risk-off mode and scaled back the size and scope of their bets in recent weeks. That pullback has been reflected in muted monthly returns. Across the board, hedge funds were up 0.5% for August, and up just around 2.23% for the year. So, with end of the year results now relying heavily on what's left ... the closing quarter could shape up to be a doozy.
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