Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) improved during the month of July to their highest levels on the year.
The GGHFI returned +2.31% while the Greenwich Composite Investable Index (GI2) gained +0.70% during the month, compared to global equity returns in the S&P 500 Total Return +7.56%, MSCI World Equity +8.37%, and FTSE 100 +8.45% equity indices. Year-to-date, the GGHFI and the GI2 have returned +11.78% and +0.40%, respectively, while the S&P 500 Total Return, MSCI World Equity, and FTSE 100 Indices have returned +10.96%, +3.93%, and +13.53%, correspondingly. 76% of constituent funds in the GGHFI ended the month with gains.
L.D.