Hedge Funds Add 0.44% In July

Aug 23 2011 | 8:00am ET

Hedge funds managed growth of 0.44% in July even as the MSCI World Index declined 2.59% thanks to uncertain macroeconomic conditions, Europe’s debt crisis, and political wrangling over the U.S. debt ceiling.

Eurekahedge, reporting the slight growth, attributes it to hedge funds’ ability to provide downturn protection amid such conditions.

In geographical terms, Asia ex-Japan managers turned in the best performance of the month, adding 1.11%, with the majority of gains coming from long/short equity hedge funds. The largest ex-Japan markets—Australia, China and India—posted declines of 3.98%, 2.18% and 3.44% respectively, but Eurekahedge says managers investing in these countries were able to extract gains through their short exposures as well as value opportunities. All regions outperformed underlying markets for the third consecutive month.

Hedge funds continued to attract capital in July (the eighth consecutive month) with total assets under management increasing by $16.1 billion in July, bringing the industry total to $1.82 trillion. Managers added another $11.8 billion through performance-based growth. Investors all continued to allocate capital during the month with net positive asset flows of $4.3 billion.

Assets in multi-strategy funds surpassed $300 billion while assets in macro hedge funds reached a historical high of $125.3 billion.


In Depth

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

The Road To Tax Alpha

May 28 2015 | 5:36am ET

Tax-related alerts are increasingly helping investment managers harvest tax alpha...

 

Sponsored Content

Editor's Note