Hedge Funds Up 1% In July

Aug 3 2012 | 11:17am ET

Hedge funds began the third quarter in the black, according to a widely-followed industry index.

The Dow Jones Credit Suisse Core Hedge Fund Index rose 1.02% last month, not far off the Standard & Poor's 500 Index' 1.26% return. The alternative investments benchmark is now up 1.45% on the year.

All but one of the seven strategies tracked by the indices gained ground last month. Managed futures funds led the way, nearly erasing its June loss with a  3.26% July return (2.91% year-to-date).

Global macro funds rose an average of 1.61% (3.83% YTD), convertible arbitrage funds 1.29% (5.32% YTD) and long/short equity funds 1.18% (down 2.01% YTD). Emerging markets funds added 0.59% (0.41% YTD) and event-driven funds 0.28% (0.96% YTD).

Fixed-income arbitrage funds were the only losers, falling an average of 0.57% last month (up 0.9% YTD).


In Depth

Q&A: Decathlon Capital On Revenue-Based Alternative Lending

Oct 30 2017 | 3:49pm ET

The explosion in private credit activity since the end of the financial crisis is...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

CAIS: How Technology is Disrupting the Alternative Investment Industry

Nov 7 2017 | 5:35pm ET

If there’s one thing that alternative investment professionals can agree on, it...