Investors redeemed $10.5 billion in assets from hedge funds in August, while performance-based losses amounted to $8 billion. : Hedge funds have now shed almost $150 billion in assets year to date as August brought continued redemptions and performance-based losses. However, despite their struggle, hedge funds generally protected investors from the August volatility. Data from With Intelligence shows a flat return of 0.2% overall, compared to the S&P 500's -4.2% return.