Hedge funds eked out a 0.7% gain in August, the 3rd consecutive month in the green, but still...

|By:, SA News Editor

Hedge funds eked out a 0.7% gain in August, the 3rd consecutive month in the green, but still trailing the S&P's August advance of 2.25%. For the year, the $2T industry's funds - which often charge 2 and 20 - have advanced 4.1%, more than 900 basis points behind the nearly free S&P 500.