Most HFR indexes dip in July
Performance was negative in July for 12 of 21 hedge fund indexes created by Hedge Fund Research.
Performance was negative in July for 12 of 21 hedge fund indexes created by Hedge Fund Research.
Despite widely reported double-digit losses by some quantitatively managed hedge funds, aggregate hedge fund returns did not dip lower than the -1.34% return of the HFRI Fixed Income High Yield index.
Other HFRI indexes in negative territory for July were the Regulation D index, –1.18%; the Convertible Bond and Equity Non-Hedge indexes, both at -1.09%; and the Market Timing index, –0.97%.
The HFRI Short Selling index turned in the best performance for the month at 6.49%, followed by the Emerging Markets index, 3.19%, and the Fixed Income Arbitrage index, 1.63%.
Overall, hedge fund returns were flat in July, with the HFRI Fund Weighted Composite index at 0.45% and the Fund of Funds Composite following at 0.43%.
Year-to-date July 31, all HFR hedge fund indexes were positive, with the Fund Weighted Composite returning 7.95%, trailing the 8.32% return of the Fund of Funds Composite.
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