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Global financial markets posted mixed performance through mid-August as weakening US employment data precipitated a historical spike in financial market volatility driven by steep intra-month losses concentrated in Technology equities. Japanese & US technology equities led early-month losses with a historic decline, though by mid-month, declines had been pared; other US equity indices posted gains through mid-August following early-month losses. Interest rates declined on flight to quality, and from expectations of near-term US rate cuts. The US dollar fell against most currencies. Commodities also posted mixed performance, with gains in Natural Gas & Aluminum offset by weakness in Oil & Platinum.

The HFRI-I Liquid Alternative UCITS Index gained +0.97% through mid-August.

Comments reference performance figures as of August 15th, 2024