How absolute return funds fared during turbulent August

Fears a slowdown in China could be more severe than previously predicted led to panic-selling across Asian and global markets in August.  The Hang Seng Composite index shed over 10% during the month, while the FTSE 100 dropped almost 6%. On 24 August, 'Black Monday', £96bn was wiped off the UK's blue-chip index alone. However, bond markets were more insulated from the China fallout, with the JPM Government Bond Index Global posting a 1.3% gain as investors fled from equities. So how did absolute return funds fare in the month that saw the 'Fear' index, or VIX, record its largest ev...