Composite bounces back with 0.57% uplift

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July saw the fortunes of funds of funds turn with the exception of the InvestHedge Global-Macro-Currency composite, which was the only median that was down - 0.44% for the month and -0.94% for the year.

Overall, the InvestHedge fund of funds composite was up 0.57%, even if for the year it was down 0.39%. This largely mirrors the Global Multi-Strategy fund of funds composite, which is up 0.5% in July and down 0.3% for the year to date.

Emerging markets was the top-performing category in July, up 1.5%, taking the year-to-date median to 0.45%.