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In the week ending August 13th 2021, a report by HFM revealed that the top 100 hedge fund firms managed hedge fund AuM totalling $1,825bn on 1 January 2021, up from $1,740bn on 1 January 2020, growth of 5% during a year that featured some of the most challenging periods for trading and capital raising in the past decade.

The global hedge fund business' average return dipped negative in July, but just slightly, to -0.32, according to the just-released eVestment July 2021 hedge fund performance data. This marked the first month of industry-wide average negative returns in 2021. Just over 51% of funds reporting to eVestment were in positive territory for the month, however, and year to date (YTD) industry performance is still in the green at +8.89%.

Another report by HFR also said that hedge funds posted a narrow loss in July, the first decline since September 2020, ending the streak of consecutive monthly gains at nine. The HFRI Fund Weighted Composite Index (FWC) fell -0.6 percent in July, while the investable HFRI 500 Fund Weighted Composite Index declined -0.5 percent.

However, BarclayHedge said that the hedge fund industry tallied its 9th straight month of gains in July 2021 with an overall return of 0.07%. By comparison, the S&P 500 Total Return Index gained 2.38% in July. For the year to date interval, the Barclay Hedge Fund Index was up 8.95% as of the close of July versus 17.99% for the S&P 500 Total Return Index.

Meanwhile, hedge funds ......................

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