(Evestment) Given the broadly positive returns posted in July, the beginning of H2 2018 would appear to have been a positive one. However, the good performance is overshadowed at the aggregate level by underperformance from macro and managed futures products according to the just-released July 2018 eVestment Hedge Fund Performance Report. Nearly 63% of reporting products produced gains in July, yet eight of ten largest products declined in the same month. Overall, hedge funds returned an average of +0.59% in July and +0.79% through the first seven months of 2018.
Macro, Managed Futures Performance a Drag on Hedge Fund Biz
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