Emerging markets hedge funds gain +0.3% in July despite difficult markets

(Opalesque) Hedge funds focused on emerging markets actively navigated the surge in EM asset volatility into 3Q18 including the plunging Turkish Lira, as well as volatile financial market conditions and falling currencies across Latin America, Russia and China.With the HFRI Emerging Markets (Total) Index gaining +0.3% in July, paring the YTD decline to -3.4%, EM hedge fund performance was mixed as funds navigated these fluid dislocations. In comparison, the HFRI Fund Weighted Composite Index, which includes hedge funds globally of all strategies and regional investment focus areas, has gained +1.4% YTD through July.

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