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Laxman Pai, Opalesque Asia:

Supported by the robust performance of the underlying global equity market, the Eurekahedge Hedge Fund Index was up 2.52% in July, bringing its year-to-date return to 1.65%. In comparison, the MSCI ACWI IMI (Local) gained 3.67% over the same month.

Almost 20.2% of hedge fund managers have posted double-digit returns in 2020 despite a challenging start to the year, said Eurekahedge.

Assets under management for the global hedge funds industry have rebounded increasing by US$113.0 billion over the four months ending July 2020. This has come from performance-driven gains of US$103.0 billion and net investor flows of US$10.0 billion. This marks a sharp recovery following US$264.1 billion asset decline in Q1 2020.

According to the report, emerging markets-focused hedge fund strategies were up 4.98% in July, bringing their year-to-date returns to 5.82%. In the four months ending July, emerging markets investing hedge fund managers have racked up gains of 18.26%. In contrast, developed market mandates as represented by North America, Europe, and Japan are up 12.43%, 8.46% and 3.48% respectively.

Hedge fund managers investing in precious metals such as gold or silver were up 54.47% in the last four months ending July, said the report. On a year-to-date basis, these managers are up 39.96% in 2020, following gains of 34.81% in 2019. In contrast managers focused on crypto-currencies are up 49.89% as of July 2020 year-to-date, following gains of......................

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