New York – (HedgeCo.Net) – [UPDATED] The HedgeCo.Net Hedge Fund Aggregate Index showed an average annual return of 1.09% through July 2012. The HCN Long/Short Index ranked highest at 5.58%.
“Most of the industry decided to sit tight and ride the rising markets we have seen this summer. A number of hedge fund managers have mentioned the September Fed meeting as a marker to start identifying catalysts that will drive the markets through the end of 2012 and into 2013. ” Evan Rapoport, CEO of HedgeCo Networks, LLC, said. “Furthermore, CTA’s have benefited from domestic droughts and rising energy prices.”
Other key findings include:
- The HCN Aggressive Growth Index showed gains of 1.14% in July and +0.38% YTD
- With 2.73% the HCN CTA/Managed Futures the second highest in July.
- The HCN Multi-Strategy Index was lowest with 0.55%.
The full reports are available on the Indices section of HedgeCo.Net. We also have daily news and blogs available at HedgeCo.net.
About The HedgeCo™ Hedge Fund Index
The HedgeCo.Net (HCN) Hedge Fund Indices are a group of equally weighted performance indices utilized by numerous hedge fund managers as a benchmark for their own hedge funds. Unlike asset-weighting utilized by some other indices, the equal-weighting of the HCN presents a more general picture of performance of the hedge fund industry. By weighting all funds equally, this helps to reduce any bias toward the larger funds potentially created by alternative weightings, especially for strategies that encompass a small number of funds.
Funds included in the HCN Monthly Indices must:
Report monthly returns
Report Returns Net of All Fees
Report assets in USD
Indices Notes:
All HCN Indices are equally weighted (not based on AUM size).
“Bad Assets” (ie. Funds which do not report their AUM) are not included in the HCN.
The HCN Indices are made “official” on the fifteenth of the month.
Both domestic and offshore funds are included in the HCN Indices.
Contact information:
Index Inquiries: Trevor Zeh
Email: trevor@hedgeco.net
Phone: 561 835 8690
News & PR: Alex Akesson, Editor for HedgeCo.net.
Email: alex@hedgeco.net
Phone: (561) 578 4435
