Thursday, 31 July 2014
Last updated 1 hour ago
Aug 14 2013 | 1:09pm ET
The median hedge fund gained 0.93% in July bringing its year-to-date gains to 4.85%, according to Deutsche Bank research.
Equity long/short funds were the best performers in July, up 8.78% YTD, according to DB's Markets Prime Finance Monthly Hedge Fund Trends.
Japan long/short funds led the way (up 17.21% YTD) followed by U.S. long/short funds (up 9.21%) and European long/short funds (up 8.17%).
Distressed funds were up 8.30% YTD, event-driven funds up 7.36%, market neutral funds up 5.37%, multi-strategy funds up 4.94% and credit funds up 4.55%. CB and volatility arbitration funds were up 4.48%, emerging markets equity funds up 2.90%, fixed-income funds up 2.02% and macro funds up 1.51%.
The only losing strategies in July were CTA/managed futures, down 1.39%.
The dispersion of returns across strategies remains high, with equity long/short funds in 75th percentile posting returns of 4.35% for July while CTA/managed futures and macro funds in the 25th percentile were down 5.19%.
Jul 8 2014 | 10:48am ET
The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…