(Opalesque) Last month, hedge fund investors pulled $20.7 billion from hedge funds, one of the largest drawdowns in years. But that may have been premature as hedge funds saw performance rebound in July, with aggregate performance hitting +1.89% in July and +3.29% year-to-date, according to the just-released July 2016 eVestment Hedge Fund Performance Report.
Hedge funds have been under the gun over recent months as a result of tepid performance. Investors in a handful of strategies including activists and distressed have seen more consistent gains, but the rebound in July was more widespread.
