Hennessee: Hedge Funds Up 0.47% In July

Aug 8 2012 | 12:04pm ET

Caution cost hedge funds a chance to profit from July's market rally, a major industry index shows.

The Hennessee Hedge Fund Index rose just 0.47% last month, compared to 1.26% for the Standard & Poor's 500 Index. Arbitrage and event-driven funds managed a 0.7% gain, while long/short equity funds had to settle for an average bump of 0.05%.

"July was another choppy month for equity markets and risk assets in general," Hennesse Group's Charles Gradante said. He noted that shorts hurt hedge fund performance in July, making it difficult for managers to increase their short bets.


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

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

Star Mountain Capital: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of