Opalesque Industry Updates - Hedge funds posted positive returns for July, making it the first month since February to witness healthy returns. In July, the Eurekahedge Hedge Fund Index was up 1.15%, as managers capitalized on trends across several asset classes. Comparatively the MSCI World Index was up 1.05%.
Key highlights for July 2012:
Hedge funds were back in the black with positive performance numbers in July after four months of negative returns.
CTA/managed futures funds witnessed the best monthly return since December 2010, gaining 2.56% in July 2012; systematic trading managers posted 3% returns.
The Mizuho-Eurekahedge Top 100 Index rose 2.11% in July, which was double the gain posted by global markets.
Latest research showed that investors increased allocations to global macro investing funds and macro managers have raised over US$25 billion June year-to-date.
North American fixed income hedge funds witnessed their highest monthly in more than 10 years – gaining 3.95% during the month.