Wednesday, 20 August 2014
Last updated 8 hours ago
Aug 9 2011 | 1:48pm ET
July was something of a schizophrenic month for hedge funds, with long/short equity and market neutral funds broadly losing and directional traders and special situations funds broadly gaining, according to new data from Greenwich Alternative Investments.
The average hedge fund rose 0.7% in July, snapping a two-month losing streak, the Greenwich Global Hedge Fund Index shows. The index, which is now up 1.2% on the year, was buoyed by global and Asian funds and hurt by European and American funds.
It was also hurt by the larger strategies. Both equity market neutral and event-driven funds lost an average of 0.4% last month (down 0.2% and up 2.2% year-to-date, respectively), which arbitrage strategies were flat (up 1.3% YTD). Long/short equity funds were also losers, for the most part, falling 0.3% in July (up 0.5% YTD), although short-biased funds rose 1.7% on the month (down 0.4% YTD) during the market rout.
By contrast, futures funds added 3% to reach break-even for the year, macro funds 2.2% (up 1.1% YTD), long/short credit funds 1.1% (up 6% YTD) and multi-strategy funds 0.2% (up 0.8% YTD).
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note