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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...................... To view our full article Click here
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