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Matthias Knab, Opalesque: Equity Hedge, Relative Value Arbitrage lead HFRI for the month;
HFRI Healthcare Index leads all indices YTD, topping Nasdaq Composite
Hedge funds posted gains in July to begin the second half of 2018, recovering the narrow decline from June, and effectively navigating a primarily positive earnings season punctuated with certain idiosyncratic equity volatility and directional dislocations, including Facebook and Apple. The HFRI Fund Weighted Composite Index advanced +0.6 percent for the month, according to data released today by HFR, the established global industry leader in the indexation, analysis and research of the global hedge fund industry, with contributions from equity, credit, M&A and currency exposures.
Bank Systematic Risk Premia strategies again posted mixed performance in July with gains concentrated in Credit and Equity strategies. The HFR BSPR Credit Index gained +3.14 percent for the month, led by the HFR BSRP Credit Multi-Strategy Index, which jumped +10.09 percent. Similarly, the HFR BSRP Equity Index added +0.53 percent for the month, led by a +4.72 percent return in the HFR BSPR Equity Low Beta Index.
Blockchain Index still down -42.6 % YTD
The volatile HFR Blockchain Index also surged in July, driven by strong gains in underlying cryptocurrencies. The HFR Blockchain Index gained +13.2 percent for the month, the strongest gain since April, bringing the YTD decline to -42.6 percent.
HFRI performance...................... To view our full article Click here
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