Hedge funds returned an average of +1.21 per cent in July 2017 representing the ninth consecutive month of positive performance for the asset class, according to eVestment’s latest hedge fund performance report.
Year-to-date the industry is +4.77 per cent, with three quarters of all strategies in positive territory. Equity exposure continues to produce the best performance, with activists and long/short equity leading in 2017.
Event Driven-Activist funds were top performers among primary strategies during the month, returning +1.67 per cent, bringing YTD returns to a healthy +7.29 per cent.
Among primary markets, Equity-focused funds were also strong performers, returning +1.66 per cent in July and +7.28 per cent YTD.
India-focused funds continue to lead in returns, putting up +4.96 per cent in July and bringing YTD returns to +24.90 per cent. (China (+4.84 per cent) and Brazil (+&.32 per cent) focused funds were also leaders in July.