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August 08, 2017 at 09:34 AM
Hedge funds recorded their strongest performance since January, led by equity hedge, technology, health care and emerging markets, Hedge Fund Research reported this week.
The HFRI Fund Weighted Composite Index gained 1.2%, the ninth consecutive monthly gain and the 16th in the trailing 17 months, bringing year-to-date performance to 4.8%.
The emerging markets (total) sub-index shot up by 3.6% in July, the strongest monthly gain in 16 months. Emerging markets are up 13.5% for the year. Latin America was the top regional performer, returning 6.1%. Asia ex-Japan leads all regions for the year to date, up 19.5%.
The equity hedge (total) sub-index advanced 1.7% in July, raising performance so far this year to 7.7%. HFR noted that this surpasses equity hedge’s full-year returns in each of the prior three calendar years.
Technology and fundamental growth provided the strongest contributions to equity hedge performance in July, both gaining 2.3%. For the year to July, health care is the leading equity hedge sub-strategy in terms of performance, up 12%.
