Tuesday, 24 May 2016
Last updated 9 hours ago
Aug 14 2013 | 9:22am ET
Hedge funds enjoyed broadly positive, if somewhat tepid, returns last month, according to Lyxor Asset Management.
The Lyxor Hedge Fund Index rose 1.32% in July and is up 3.19% on the year. In contrast, the Standard & Poor's 500 Index rose 5% last month and is up nearly 20% on the year.
Still, most hedge fund strategies were in the black last month, with 11 of Lyxor's 14 strategy indices ending the month up. Equity long-bias funds led the way, up 3.08%, followed by special situations funds (2.63%) and distressed funds (2.09%).