Preqin: Hedge Funds Lose 0.15% In July

Aug 19 2014 | 10:56am ET

The Preqin Hedge Fund All Strategies index fell 0.15% in July.

Multi-strategy and activist funds were the best performers in July, each adding 0.32% (the former up 3.79% year to date, and the latter up 5.34%).

Macro strategies were up 0.25% in July (2.21% YTD) and were the only leading strategy to exceed their January-July 2013 returns of 1.50%. Relative value strategies were flat, adding 0.02% (3.12% YTD).

Event-driven strategies were the biggest losers, shedding 0.85% in July (but are up 4.37% YTD). Preqin noted that this was the first losing month for these funds since August 2013. Long/short strategies shed 0.27% (but are up 3.42% YTD).

In terms of regions, Asia-Pacific funds were up 2.25% in July (4.20% YTD) while North American and Europe funds were in the red, shedding 1.08% and 1.37%, respectively. North American funds are up 4.53% YTD while Europe funds are up 2.10%.

Funds of hedge funds lost 0.34% in July (up 1.91% YTD).

UCITS funds were down 0.01% on the month (up 1.80% YTD).

CTAs were up 0.19% in July (2.03% YTD).


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