Preqin: Hedge Funds Bounce Back In July

Aug 15 2013 | 10:07am ET

After losing ground in June, hedge funds bounced back with a 1.64% gain in July, reports Preqin.

The July numbers brought hedge funds' year-to-date returns to 5.39%.

All strategies tracked by the data provider ended July in the black with the exception of CTAs, which lost 0.75%, their third consecutive negative month. The best performers in July were event-driven funds (up 2.06% on the month and 9.06% YTD) and long/short funds (up 2.05% on the month).

Funds of hedge funds returned 0.86% while long/short funds of hedge funds returned 1.70%.

UCITS hedge funds returned 1.52% in July with long/short UCITS hedge funds returning 2.50%.

North America was the best performing  region during the month, posting returns of 2.73%, followed by Europe (1.90%) and Asia Pacific (1.81%).

Preqin reports that 70% of investors polled believe hedge funds will report cumulative 2013 returns between 7% and 10%.


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