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Barclay Hedge Fund Index Rises 1.11% in July (+5.48% YTD)

Thursday, August 10, 2017
Opalesque Industry Update - Hedge Funds gained 1.11% in July according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index has risen every month this year and is up a cumulative 5.48% for 2017.

"July was another winning month for the hedge fund industry as the S&P 500 and the NASDAQ both rose to new all-time highs," says Sol Waksman, founder and president of BarclayHedge. "Market conditions have been ideal for steady gains across all market segments."

Emerging Markets, Pacific Rim Equities, and Technology Lead for the Month

Emerging Markets continued their recent strong run and led all sectors with a gain of 2.65% in July. Pacific Rim Equities posted their best performance of the year with a gain of 2.12% and Technology, which is the top performer for the year to date, was up 1.72%.

Overall, 16 of 17 subindices showed gains in July with only European Equities down a scant 0.22%. Equity Market Neutral, Convertible Arbitrage, Merger Arbitrage, and Multi Strategy were all positive for the month but showed gains of less than 0.5%.

For the year, all subindices are now on positive ground. The top performers are Technology at 13.22%, Healthcare & Biotechnology with a 12.57% gain, and Emerging Markets up 10.96% (see above) while laggers are Equity Market Neutral at 0.92%, Global Macro at 0.94% and Distressed Securities at 1.80%.

"July was more of the same for the hedge fund industry," says Waksman. "The same sectors continue to lead and returns were positive, but not spectacular. All in all, 2017 has been a good year for hedge funds and investor interest seems to be on the rise again."

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