(Hedgeweek) Hedge funds gained 1.99 per cent in July, according to the Barclay Hedge Fund Index compiled by BarclayHedge.
Year to date, the index is up 2.66 per cent. “The confluence of post-Brexit central bank accommodation, positive Q2 earnings, and signs of a strengthening US economy supported global equity markets and created favourable conditions for all hedge fund strategies,” says Sol Waksman (pictured), founder and president of BarclayHedge.
All of Barclay’s 17 hedge fund indices had gains in July. The Healthcare and Biotechnology Index gained 3.97 per cent, Equity Long Bias was up 3.05 per cent, Distressed Securities gained 3.02 per cent, Emerging Markets were up 2.58 per cent, and the Technology Index added 2.13 per cent.
