Positive words fuel hedge funds
The Eurekahedge Hedge Fund Index was up 0.63% in August, bringing its year-to-date return to 3.16%. Although the markets dropped at the start of the month due to uncertainty about the eurozone’s bond-buying programme, the trends reversed quickly on the back of positive comments from the ECB and strong US data.
Market sentiment then turned optimistic for the month, with increased prospects for a third round of quantitative easing in the US and positive signals from
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