Modest Positive Returns In July For Hedge Funds

According to the EDHEC Risk and Asset Management Research Centre, the month of July was characterised by slightly positive returns on the stock markets, while volatility is still at historically low levels, though it increased significantly compared to the previous

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According to the EDHEC Risk and Asset Management Research Centre, the month of July was characterised by slightly positive returns on the stock markets, while volatility is still at historically low levels, though it increased significantly compared to the previous month. Bond market performance picked up, posting its first positive return for the ongoing year. Commodity price levels rose to new heights, although the increase is less dramatic than in some previous months.

Against this backdrop, most hedge fund strategies managed to generate positive returns, while remaining below their average historical performance. CTA Global Managers are the only category posting significantly negative returns, with -2.29%. The highest positive return came from Short Sellers with 1.26%. It should be noted that this strategy was also the only one, apart from Fixed Income Arbitrage, to have returns that were higher than their historical average during the month.

The EDHEC Risk and Asset Management Research Centre carries out major research programmes in the areas of asset allocation and risk management in both the traditional and alternative investment universes.

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