Hedge Funds Add 1.82% In July

Aug 12 2013 | 12:49pm ET

Hedge funds rebounded in July after losing ground in June, according to the latest data from the Hennessee Group.

The Hennessee Hedge Fund Index rose 1.82% in July and is now up 6.91% year to date.

“Several managers were encouraged to see that $60 billion was redeemed from bond mutual funds in June, with most of it going to savings.” said Hennessee co-founder Charles Gradante, in a statement. “That money is building on the sidelines representing new future demand for equities.”

Equity long/short hedge funds gained 2.95% in July  (11.22% YTD), arbitrage event-driven strategies were up 1.01% in July (5.82% YTD) and distressed funds were up 1.39% in July (8.31% YTD).

Merger arbitrage funds were up 1.66% in July (5.23% YTD) and convertible arbitrage funds were up 0.11% on the month (3.93% YTD).

Global/macro strategies added 0.66% in July (1.64% YTD). Emerging market funds rose 1.87% (3.42% YTD) and macro funds rose 0.34% on the month (but are down 1.73% YTD).


In Depth

Q&A: Quad Advisors’ Borish Is Looking For Real Traders, Not Index Huggers

Aug 20 2014 | 1:43pm ET

Peter Borish, who served as founding partner and director of research at Tudor Investment...

Lifestyle

Nicky Hilton To Wed James Rothschild

Aug 20 2014 | 5:23am ET

When it comes to husband-material, socialite Nicky Hilton is sticking with finance...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

 

Futures Magazine

PREVIEW July/August 2014 Cover

Inside Futures' 500th Issue

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

TAP July/August 2014 Cover

Real talk on alternative investments, business & finance

The Alpha Pages Editor's Note