New York (HedgeCo.net) – The latest report from eVestment showed that over the past year, funds of hedge funds have performed better than hedge funds themselves. The semi-annual report for July reported that the average fund of funds gained 6.65% from May 2014 through May 2015 while the average hedge fund gained 5.84%.

These figures are on a global scale, but the same held true with U.S. focused funds as well. Just looking at domestic funds, FoHFs were up 5.65% during the period discussed while single manager funds were up 4.73%.

Not surprisingly, the top performing FoHFs were those focused on the Asia-Pacific region. Funds focused exclusively in the region gained an average of 14.77% year over year. It is also worth mentioning that the report showed an uptick in volatility in both FoHFs and single manager funds. For FoHFs volatility increased by 5.34% during the 12-month period and for single manager funds, the increase was 9.79%.

Rick Pendergraft
Research Analyst
HedgeCoVest