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Alternative Market Briefing

Hedge funds post narrow decline in July but stay in positive territory

Wednesday, August 05, 2015

Komfie Manalo, Opalesque Asia:

Hedge funds posted a narrow decline last month but still managed to stay in positive territory, with the HFRX Global Hedge Fund Index falling -0.03% in July (+1.24% YTD). On the other hand, the HFRX Absolute Return Index posted a gain of +0.24% (+2.26% YTD).

"Global financial markets posted mixed performance in July, as Chinese equities posted a steep decline only partially offset by gains in European equities, while commodities also posted sharp declines led by oil, copper and gold. Global equity markets traded in a wide range in July, with investor focus on sharp declines in Chinese equities; investors also focused throughout the month on the referendum and negotiations between Greece and European creditors. Greek banks remained closed for most of the month, while the Athens Stock Exchange remained closed for the entire month," HFR said in its monthly performance report.

It added that the U.S. equities posted mixed results, with large cap indices recovering losses by month end, while growth and small cap indices posted narrow declines. Commodities posted steep losses in July, led by oil, gold and copper, while agricultura......................

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