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Saturday, 21 January 2017
Last updated 13 hours ago
Aug 6 2014 | 11:21am ET
Hedge funds wilted in the July heat, an industry replication index shows.
The Credit Suisse Liquid Alternative Beta Index dropped 1.28% last month, more than halving its year-to-date gain to 0.91%.
Event-driven funds took the biggest hit, falling 2.17% (up 0.88% year-to-date). Global strategies dropped 1.13% (up 0.28% YTD) and long/short dipped 0.5% (up 3.23% YTD).
Managed futures funds did best in July, adding 0.23% (down 4.19% YTD). Merger arbitrage rose 0.1% (down 2.43% YTD).