Performance

Updated Absolute Return index estimates for July

by

July was a turbulent month for most hedge funds and strategy areas, with oil prices peaking mid-month and then plunging toward the end as demand fell. Early estimates indicate that July was one of the worst months for hedge fund performance, following the worst first-half performance for hedge funds since 1998.

The Global composite and U.S. composite median indices are currently indicating losses of 1.34% and 1.1% respectively in July. U.S. Technology stocks pulled through the turmoil, resulting in a 1.09% rise in the Technology median index, the best monthly return of any strategy.

U.S. Equity funds are