Early Numbers Say July Is Best Month Of ‘10

Aug 3 2010 | 12:27pm ET

Following a dreadful second quarter, hedge funds needed to get off to a good start in the third, and they appear to have done just that.

Hedge funds enjoyed their best monthly return of the year in July, according to Credit Suisse’s Liquid Alternative Beta indices. The overall LAB index rose 3.12% on the month, pulling it out of the red and leaving the index up 2.99% on the year.

Event-driven funds were the strongest performers with a 4.22% July jump (5.93% year-to-date). Long/short funds also did well, adding 3.3% (2.05% YTD).

The LAB merger arbitrage index rose 1.87% (5.99% YTD), while the LAB global macro index added 1.65% (1.1% YTD).


In Depth

Creating An Offshore Hedge Fund Dream Team: The Seven Key Players

Jun 26 2015 | 6:47am ET

If you want to set up an offshore hedge fund, like any great team, you’re only...

Lifestyle

Hedgies Set to Compete in Wall Street Decathlon

Jun 8 2015 | 12:37am ET

The Wall Street Decathlon — a 10-event physical challenge that will crown “Wall...

Guest Contributor

6 Essential Principles To Balance Your Investment Risk

Jun 26 2015 | 10:07am ET

In this article, financial expert Greg Silberman explores how to hedge a private...

 

Editor's Note