Tuesday, 24 May 2016
Last updated 40 min ago
Aug 16 2013 | 9:46am ET
Commodity trading advisers and hedge funds posted mixed results in July, according to agency broker and clearing firm Newedge Group.
Six of the firm's 11 hedge fund indices were up last month, led by the Newedge Commodity Trading Index (Equity), which rose 2.12% ( 13.48% year to date). The Newedge Commodity Trading Index (Trading) also finished the month in the black, adding 1.23%, as did the Macro Trading Index (Quantitative), up 1.35%.
The Newedge Trend Index was down 0.79% in July and the CTA Index was down 0.98%.
Commenting on the July performance data, Newedge's Ryan Duncan said: “While performance for the Newedge indices overall were mixed following a difficult June, commodity hedge funds, as represented by the Newedge Commodity Index, showed consistent growth.”