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

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note