Hedge Funds Add 1.67% In July

Aug 10 2010 | 11:57am ET

Hedge funds rebounded from their first losing streak of the year in July, gaining an estimated 1.67%.

The early figures from the Dow Jones Credit Suisse Hedge Fund Index show the average hedge fund is up 2.32% on the year. All but two strategies were in the black last month, and gains in July helped pull two strategies out of the red for the year. But no strategy came close to matching the broader markets, with the Standard & Poor’s 500 Index soaring more than 7% last month.

Emerging markets funds did best in July, rising 2.92% (2.1% year-to-date). Long/short equity funds were right behind, adding 2.82% (down 0.49% YTD), followed by equity market-neutral funds (2.41% in July, down 2.24% YTD) and risk arbitrage funds (2.11%, 1.96% YTD).

Multi-strategy funds added 2.06% on the month (2.55% YTD) and convertible arbitrage funds 2.-3% (4.74% YTD).

Dedicated short-bias and managed futures funds were the only losers in July, with the former falling 2.62% (down 5.31% YTD) and the latter 1.49% (down 1.24% YTD), respectively.


In Depth

Q&A: Pantheon’s McCrary Says Private Equity Market ‘Robust’

Dec 17 2014 | 8:32am ET

Dennis McCrary is a partner at Pantheon, a private equity firm with $32.2 billion...

Lifestyle

Cohen Donates $1.5M To GOP Governors Association

Dec 10 2014 | 7:13am ET

The Republican Governors Association raised close to $25 million from October 1...

Guest Contributor

Q&A With Daniel Gallancy: Institutional Interest In Bitcoin Is Growing Steadily

Dec 12 2014 | 7:54am ET

Daniel Gallancy is founder and CEO of SolidX, a provider of total return swaps for...

 

Sponsored Content

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

December 2014 Cover

Futures 2014 person of the year

Jeff Sprecher was simply looking for a platform to trade energies when launching ICE 14 years ago but it has grown to reach the pinnacle of both the listed futures and equities world.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.