(Bloomberg) Hedge funds in July reported their best monthly returns since the end of 2016, boosted by equity and event-driven strategies. Funds on average gained 1.1 percent, according to Hedge Fund Research Inc.’s asset weighted composite index. Technology-focused equity funds had the best July of any sub-strategy tracked by HFR, returning 2.3 percent. The performance last month has pushed hedge fund returns in 2017 to 3.7 percent, compared with 10 percent for the S&P 500 Index. Amid the ongoing shift from active to passive investments, firms have struggled to attract investors and have only recently seen inflows return.
Hedge Funds Post Best Monthly Gain in July Since End of 2016
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