Hedge fund managers are facing growing pressure to deliver strong performance in the last four months of the year after yet another month of mixed results.
While August was, on average, a positive month for the industry, several big-name managers struggled to gain traction, with many more under pressure to ramp up the level of risk in their portfolios to boost year-end numbers, according to brokers.
The average hedge fund returned 0.17 per cent in August, according to preliminary month-end numbers from Hedge Fund Research.
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