Hedge Funds Rise 1.59% In July

Aug 6 2009 | 1:02pm ET

Hedge funds kicked off the third quarter by returning to their winning ways, according to Hedge Fund Research.

The HFRX Global Hedge Fund Index, which was essentially flat in June, rose 1.59% last month. The July return pushed the index’s year-to-date return to 7.25%.

Nearly all of the strategies tracked by the HFRX indices were in the money last month, none more so than convertible arbitrage, which remained the strategy to beat for the year. Convertible arb funds rose an average of 6.73% last month, and are up 28.55% on the year. Multi-strategy relative value arbitrage, market directional and relative value arbitrage funds also posted big returns in June, rising 4.15% (21.05% year-to-date), 3.82% (16.92% YTD) and 3.67% (20.52% YTD), respectively.

Special situations funds added 1.82% (12.24% YTD), event-driven funds 1.53% (10.72% YTD), equity hedge funds 1.51% (7.57% YTD) and macro funds 0.07% (down 5.89% YTD).

Just four of the 18 substrategies and regional indices tracked by HFRX lost ground last month. Distressed securities funds fell 1.28% (down 9.82% YTD), systematic diversified funds lost 1.18% (down 10.5% YTD, the worst performer through the first seven months of the year), equity market-neutral funds sed 1.11% (down 4.55% YTD) and absolute return funds dropped 0.58% (down 3.13% YTD).


In Depth

Q&A: High Conviction, Low Correlation

Oct 30 2014 | 7:35am ET

Acadian Asset Management's numbers are big: over $70 billion in assets under management...

Lifestyle

Ex-Hedgie Steyer Gives $56M To Climate Action Super PAC

Oct 28 2014 | 9:23am ET

Retired Farallon Capital founder Tom Steyer has poured almost $56 million into his...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.