Hedge fund redemptions stemmed in August

Macro funds still suffering; commodities inflows continue

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The redemption pressures weighing heavily on the hedge fund industry mostly abated in August. After outflows in June and July that were nearly reminiscent of the tail end of the global financial crisis, investors' dissatisfaction with 2015 performance may be exhausted. While this is positive for sectors able to perform well this year, including event-driven and certain credit strategies, the picture is not universally bright.

Investors allocated an estimated net $6.3 billion into hedge funds in