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In July hedge funds were broadly positive, but equity funds were slightly down even ahead of early August turmoil

Friday, August 05, 2011
Opalesque Industry Update - Here’s the latest hedge fund performance data from HedgeFund Intelligence, which publishes AR, EuroHedge, AsiaHedge, InvestHedge and Absolute UCITS:

July was a broadly positive month for hedge funds, with the Global Composite Index rising 0.48%.

• Equity funds fell 0.29% in July, making them the worst global performers of the month. July was the third consecutive down month for equity funds, their longest sustained decline since 2008, when they fell from June through November.

• Macro funds were the best performers globally, returning 2.19% for the month, the best performance for this strategy since October 2007 when macro funds rose 2.35%.

Our indices are updated daily as new funds report to the HedgeFund Intelligence databases, which contain performance information for nearly 8,000 funds (and 2,700 firms) globally. Please view the individual indices (using the links below) for the most up-to-date performance data.

Full performance charts: Source

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