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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note