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

Exotic Assets: Investing In Rare Violins

Jan 17 2017 | 4:43pm ET

By definition, alternative investments include exotic assets far beyond your typical...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

The Trump Administration: What It Could Mean for Carried Interest

Jan 19 2017 | 5:25pm ET

The arrival of the Trump administration brings the potential for a repeal of the...

 

From the current issue of

The healthcare sector went on a tear beginning in 2011, thanks in large part to the passage of the Affordable Care Act and its impending implementat