Hedge funds delivered strong positive results in July as the month saw rallies across most sectors and asset classes. The Eurekahedge Hedge Fund Index was up 1.42%1 for the month, bringing the year-to-date July returns to 1.17%. The MSCI World Index also posted strong gains of 5.65%, with its year-to-date July measure at -2.94%.
Below are the highlights for the month:
* All regions and strategies posted positive returns in July.
* Distressed debt hedge funds advanced 7.63% July YTD and are the most attractive strategy for capital with US$8.7 billion of inflows YTD (15.67% growth).
* Event driven funds are up 48.4% since November 2008.
* India is the best performing hedge fund region in 2010, up 4.62% YTD.
Based on 34.67% of the funds reporting the NAV for July 2010 as at 10 August 2010.
Eurekahedge indices are available for download from www.eurekahedge.com/indices/hedgefundindices.asp and are updated with the latest fund returns at 23:30 GMT every day. Index values and data can be downloaded for free and subscribers can download the full list of index constituents. Please contact indices@eurekahedge.com for more information.
About Alex Akesson
Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications.
Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.
Hedge Fund Highlights: Eurekahedge July/Aug
Hedge funds delivered strong positive results in July as the month saw rallies across most sectors and asset classes. The Eurekahedge Hedge Fund Index was up 1.42%1 for the month, bringing the year-to-date July returns to 1.17%. The MSCI World Index also posted strong gains of 5.65%, with its year-to-date July measure at -2.94%.
Below are the highlights for the month:
* All regions and strategies posted positive returns in July.
* Distressed debt hedge funds advanced 7.63% July YTD and are the most attractive strategy for capital with US$8.7 billion of inflows YTD (15.67% growth).
* Event driven funds are up 48.4% since November 2008.
* India is the best performing hedge fund region in 2010, up 4.62% YTD.
Based on 34.67% of the funds reporting the NAV for July 2010 as at 10 August 2010.
Eurekahedge indices are available for download from www.eurekahedge.com/indices/hedgefundindices.asp and are updated with the latest fund returns at 23:30 GMT every day. Index values and data can be downloaded for free and subscribers can download the full list of index constituents. Please contact indices@eurekahedge.com for more information.
About Alex Akesson
Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications. Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.