Hedge Funds Add 2.1% In July, Post $1B Inflow

Aug 13 2009 | 1:34pm ET

Hedge funds continued their year-long rally in July, posting positive returns for the fifth straight month and sixth out of seven, according to Eurekahedge.

The Eurekahedge Hedge Fund Index rose 2.1% last month to hit 12% on the year, according to preliminary returns. And while Eureka’s index shows hedge funds still beating the broader markets, they didn’t even come close to matching the Standard & Poor’s 500 Index’s 7.4% rise in July.

“The month’s returns were achieved on the back of strong rallies across underlying equity markets despite a rough start to the month,” Eureka said in its report.

Eight of the firm’s nine strategy indices were in positive ground last month, as were all seven of its regional indices. Among the latter, Asia and emerging markets funds were tops; among the former, it was event-driven funds coming out on top.

Eureka also reports that hedge funds have $8 billion more than they did at the end of June, thanks to trading gains and $1 billion in net inflows.


In Depth

Fitch Says Alternative Asset Managers 'Stable' Despite Dry Powder

Nov 20 2014 | 9:30am ET

Ratings agency Fitch says the outlook for seven publicly traded alternative asset...

Lifestyle

Cohen Buys $101 Million Sculpture

Nov 12 2014 | 9:17am ET

Steven Cohen was the sole bidder for a rare Alberto Giacometti sculpture at Sotheby...

Guest Contributor

Why The Big Money Is Going To Europe

Nov 14 2014 | 6:03am ET

Peer-to-peer lending was invented with the individual investor in mind. But despite...

 

Sponsored Content

    For Hedge Funds, Mastering Data Is Key To Success

    Nov 4 2014 | 9:45am ET

    Data management is important to every business, but for hedge funds, it is critical. FINalternatives recently asked Peter Sanchez, CEO of Northern Trust Hedge Fund Services, how fund managers can deal with the demands of managing data while at the same time remain transparent and abide by operational best practices. Read more…

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

November 2014 Cover

Building a better market

Reg NMS created a huge bifurcation in equity markets and while much of what has followed has been positive, in terms of lower fees and greater liquidity, many traders would like to see the market come...

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.