Bringing you live news and features since 2013
Bringing you news, views and analysis since 2013

44621

Hedge funds return to positive territory in July

RELATED TOPICS​

The Eurekahedge Hedge Fund Index gained 1.3 per cent in July, recording its highest monthly return since April 2021 after three consecutive months of decline, totalling 4.1 per cent in Q2. Despite the July rebound, global hedge funds remained down 4.0 per cent YTD.

Among strategies, long/short equity recorded the highest return of 2.2 per cent, supported by the improvement in risk sentiment due to the strong rebound of the global equity market.

Relative value (1.6 per cent) and multi-strategy (1.6 per cent) also rebounded in July, following three consecutive months of decline, totalling 4.0 per cent and 3.4 per cent, respectively, in Q2.

CTA/managed futures (6.5 per cent) is the only top-level strategy with a positive return YTD. By contrast, long/short equities (-7.3 per cent), fixed income (-4.1 per cent) and event-driven (-5.1 per cent) remain firmly in the red as risk aversion remains high amid continued macroeconomic uncertainty.

Returns were varied across sub-strategies in July, with long-bias (4.2 per cent), AI (1.3 per cent) and FX (0.1 per cent) recording positive returns while the remaining strategies declined. Trend-following recorded the steepest decline of 4.2 per cent in July but remains the top-performing sub-strategy YTD.

Positive returns were reported across most investment regions in July, with Asia the only exception as it declined 0.5 per cent. North America was the best-performing region with gains of 2.5 per cent in July.

Funds focused on North America (2.5 per cent) and Europe (1.3 per cent) recovered in July following declines of 5.9 per cent and 4.5 per cent, respectively, in Q2. North American and European hedge funds have pared YTD losses to 5.1 per cent and 7.0 per cent, respectively.

Latest News

MSCI has launched MSCI AI Portfolio Insights, writing that it combines generative artificial intelligence “GenAI”..
The Capgemini Research Institute’s World Wealth Report 2024, published today, reveals the number of high-net-worth..
New research from cloud security firm Zscaler reports a disconnect between European company confidence in..

Related Articles

Waves
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published, entitled The urgent need for better ocean-related data to make informed investment decisions...
A joint statement from BNP Paribas Asset Management, Federated Hermes Limited, Mirova, Robeco and Storebrand Asset Management has been published,..
Frozen soap bubble
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct Authority says has a simple aim: “Financial products that are marketed as sustainable should do as they claim and have the evidence to back it up.”..
From the end of this month, the UK’s Sustainability Disclosure Requirements (SDR) regime comes into force which the Financial Conduct..
Global ESG Investing
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of climate change and ESG factors in state policymaking...
On May 15 Florida’s Republican Governor Ron DeSantis signed legislation that furthers his ongoing campaign to oppose the role of..
Trends
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100 million deals announced this month alone...
The trend to buyout among the UK’s smaller defined benefit (DB) schemes continues with a slew of new sub GBP100..
Subscribe to the Institutional Asset Manager newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by