Bailey McCann, Opalesque New York:
July was a volatile month for financial markets. Escalating tensions in eastern Ukraine and conflict in the Middle East weighed on investor preference for risk assets and aggregate hedge fund performance was negative 0.35%, the industry's fourth down month of 2014 according to the latest hedge fund monitor data from eVestment.
Activist strategies declined in July, falling 0.88%. The
groupís volatile returns have left them only slightly ahead
of the aggregate of all hedge funds in 2014, returning
2.98% for the year.
Macro funds fell 0.75% in July bringing returns back to
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