Early indications show that July was a strong month for
European hedge funds across a wide range of strategy areas,
with the provisional median return for the EuroHedge Composite
Index standing at just under 1% for the month.
However, with only around 40% of all funds in the EuroHedge
database having yet reported their July numbers, this is
clearly a very preliminary estimate – and the
likelihood is that the final number could be somewhat
different, and quite possibly lower.
In the case of July that is all the more probable due to the
fact that managed futures funds – which tend to be
among the earliest to report – were generally among
the biggest beneficiaries of the market conditions in July,
with many CTAs posting very punchy returns in a month that
marked a complete contrast with their widespread and heavy
losses in June.
Although the preliminary medians for other strategies