Hedge fund performance dipped marginally in August, with funds in the Equities and Multi-Strategy categories seeing declines in performance which countered gains made by most other types of strategy.

Following very strong performance throughout 2021 and a weak first quarter, hedge funds administered by the Citco group of companies (Citco) had further muted returns in Q2 – although Commodities funds have yet again emerged as the top performer.

Hedge fund performance swung back into positive territory in July – following negative returns for much of this year – with all AUA categories and all strategies bar Commodities posting positive weighted average returns.

Hedge fund performance declined month-on-month in June, with Multi-Strategy funds among the hardest hit of all strategies.