Hedge Funds

Strong equities boost returns for July


Preliminary research from Absolute Return indicates that all hedge fund strategies were up in July, the second month of positive performance this year across the board. Buoyed in large part by a rally in equities, the Absolute Return Composite index gained 1.39% in July and is now a positive 2.82% for the year.

After a rough patch in early spring, U.S. long/short equity funds continued their rise, climbing 3% in July to boost year-to-date returns to 4.95%. Global equity funds also had a good month, reporting a median return of 1.27% in July, bringing it up to 6.04%