Correlation risk flashes red for hedge fund sector: PivotalPath

Analysis
By Will Wainewright
Credit: Unsplash

Hedge funds continue to gain, posting fresh gains in August — but record-high correlations pose a risk should equities suddenly crater, according to new research.

PivotalPath noted across-the-board gains by all main strategy groupings last month, sending the composite up 1.7%, putting it +6.9% YTD.

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