Hedge Funds Fall Slightly In July

Aug 11 2014 | 6:20am ET

Last month was a difficult one for hedge funds, with the average industry player earning a rare win against the broader markets, but losing ground all the same.

The Greenwich Global Hedge Fund Index fell 0.33% on the month, Greenwich Alternative Investments said. That’s substantially less than the Standard & Poor’s 500 Index lost in July, but the hedge-fund benchmark remains behind the broad-market one with just a 2.74% return in 2014.

Event-driven funds suffered the most in July, falling 1.23% (up 3.35% year-to-date). Long/short credit funds dropped 0.65% (up 4.17% YTD), equity market neutral funds 0.55% (up 1.38% YTD), long/short equity funds 0.44% (up 3.3% YTD) and futures funds 0.43% (up 0.05% YTD).

Arbitrage funds gained ground last month, rising 1.3% (4.98% YTD), as did multi-strategy funds (up 0.38% in July, 3.33% YTD) and macro funds (0.07%, 1.29% YTD).


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of