Equity L/S Funds Perform Best In July

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%.


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