Hedge Funds See Small Decline in July
Posted by Colin Lambert. Last updated: August 17, 2021
Hedge funds suffered a small down month, the first since October 2020 according to the Barclay Hedge Fund Index, which was down 0.23% in July, but remains a very healthy 8.61% up on the year.
The results reflect those in the HFR Index, which also saw its first decline since October, dropping 0.6%.
Emerging markets were the chief reason for the BarclayHedge retreat, with nine of the 12 EM sub-indices in the red for July, led by Latam equities, which remains the only sub-index to be in the red year-to-date. The headline Emerging Markets Index was -2.11%, but remains up 5.94% on the year.
The bright spot for EM was the Sub-Saharan Africa index, which was best performer for the month at +1.77% and 10.9% up for 2021. Overall, the strongest year-to-date performance is from eastern European equities, the index for which is up 20.18%.
Global Macro traders were +0.38% for July and +8.07% year-to-date, while the Multi-Strategy Index also eked out a gain of 0.23% for +7.41% year-to-date.
