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Komfie Manalo, Opalesque Asia:

Hedge funds maintained their nine-month winning streak that started in November last year, with the Greenwich Global Hedge Fund Index up +1.10% in July 1.10% (+4.5% YTD), Greenwich Alternative Investment said in its latest report.

The firm added that almost all Greenwich strategies were positive last month, taking advantage of strong markets despite continued global geopolitical tension. A strong start to earnings season helped equity-focused funds in particular. Several long-only equity benchmarks surged +2%, shrugging off an expected U.S. rate hike early in the month accompanied by indications from the Federal Open Market Committee that it intended to continue raising rates despite low inflation. Bonds, as represented by the Barclays Aggregate Bond Index, recovered from a selloff that started in late June to post a +0.43% return in July, it said.

Greenwich added that the long-short equity group took full advantage of last month's rally as performance was strong across all constituent long-biased strategies. Growth funds are nearing a +10% year-to-date return.

The Directional Trading Group experienced the most significant turnaround from the previous month, up +0.75% versus down -1.43% in June, while all Greenwich Regional Emerging Markets indices posted returns of +1.76% or more, their best collective p......................

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