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Alternative Market Briefing

Hedge fund, managed futures performance up again in July

Monday, August 12, 2019

Laxman Pai, Opalesque Asia:

Hedge funds continued delivering positive returns in July, starting off the second half of 2019 in the green with aggregate industry performance at +0.73 %.

According to the latest eVestment hedge fund performance, July's results bring year-to-date (YTD) aggregate performance to +7.67 %.

Managed Futures funds were among the performance leaders in July, returning an average of +2.29% in July, with YTD performance hitting +8.60%, said the report.

According to eVestment figures, the 10 largest funds in the Managed Futures group performed even better, returning +4.62% in July and +12.24% YTD.

Long/Short Equity funds produced another month of gains, +0.58% in July, bringing YTD returns to +10.36%. This YTD performance is the strongest among all primary strategies.

Among primary hedge fund strategies, only Relative Value Credit and Distressed funds saw a negative performance in July, at -0.11% and -0.26% in July. However, both types of funds are in the green, with returns above +4% YTD.

Despite large losses from exposure to India (-7.73% in July), Emerging Markets funds were positive in July, led by funds focused on Brazil, which returned +3.52% in July. YTD Brazil-focused funds have returned +12.93%, said the report.

While lagging a bit in July, hedge funds focused on Russia and China are the strongest performers in the hedge fund business YTD, returning +18.70% and +17.03% this year respectively.

The hedge fu......................

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