(Opalesque) Lyxor Peer Groups suggest hedge fund performance was up +0.5% in August, with CTAs underperforming (-1%) and Special Situations, Directional L/S Equity, Global Macro, and L/S Credit strategies outperforming (+0.6% to +1.6%). In recent weeks, the rally in stock prices went uninterrupted, with the MSCI World up +5.3% in August (as of Aug. 25th), led by Technology and Consumer Discretionary stocks.