New York (HedgeCo.Net) – Morningstar today reported preliminary hedge fund performance for July 2014 as well as estimated asset flows for June 2014:
- The Morningstar MSCI Composite AW Hedge Fund Index decreased 0.3% in July, but is up 3.4% for the year through July.
- Despite declines in the Ukraine, Middle East, and South America, the emerging-markets rebound continued for the fifth straight month in July, buoyed by strong performance in Chinese equities. The Morningstar MSCI Emerging Markets Hedge Fund Index rose 0.4 % in July, which brought its year-to-date increase to 4.5%.
- In aggregate, single-strategy hedge fund assets in Morningstar’s database grew by a meager $92 million in June.
- Systematic futures hedge funds continued to see outflows, losing $569 million in June and $2.1 billion through the first half of the year.
Long/short debt hedge funds experienced the greatest inflows in June, $399 million, as investors sought alternatives to the interest-rate risk of high-duration bonds.
Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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