WEST PALM BEACH, FL (www.hedgeco.net) – For three straight months hedge funds achieved positive returns according to S&P Index, a hedge fund benchmark comprising of 41 funds. The latest data fromthe industry tracker however shows that Hedge Funds underperformed the S&P 500 index for the month. The S&P Hedge fund Index gained 0.98 percent in July, while the S&P 500 rose by 3.6percent during the same period.<\/p>\n
Strong economic factors contributed to the strength shown by the S&P 500, such factors also helped hedge funds specializing in long\/short equity strategies, which gained a strong 2.08 percent for the month. Non U.S. Global Equity Long\/Short hedge funds gained 2.21 percent in July, while arbitrage strategies such as merger arbitrage and convertible arbitrage posted gains of 0.72 percent for the month.<\/p>\n
The only losing strategy for the month according to S&P hedge fund index is managed futures, which lost 0.73 percent for the same period. The senior S&P hedge fund manager, Justin Dew, explained that the re-evaluation of the Chinese currency the Yuan produced temporary positive effect on the stock markets, and such tendency also benefited hedge funds as well.<\/p>\n
There is also the impact of the stronger than anticipated second quarter earnings data, which helped the stock markets and hedge funds generally. Dew added, \u00c3\u00af\u00c2\u00bf\u00c2\u00bdIndications of a bull market continue to occur as exemplified by the current positive economic growth, increasing earnings and low inflation.\u00c3\u00af\u00c2\u00bf\u00c2\u00bd<\/p>\n
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: Editor@hedgeco.net<\/p>\n
HedgeCo.Net is the most popular hedge fund database and community in the world. Membership on HedgeCo.Net<\/a> is free and easy. We also offer free listings for Hedge Funds!<\/font><\/b><\/p>\n Be sure to check out our sister sites. www.hedgefundlounge.com<\/a>, www.hedgefundtools.com,<\/a><\/strong> and www.hedgefundemployment.com.<\/strong><\/a><\/font><\/b><\/p>\n","protected":false},"excerpt":{"rendered":" WEST PALM BEACH, FL (www.hedgeco.net) – For three straight months hedge funds achieved positive returns according to S&P Index, a hedge fund benchmark comprising of 41 funds. The latest data fromthe industry tracker however shows that Hedge Funds underperformed the […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-3257","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3257","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=3257"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/3257\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=3257"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=3257"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=3257"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}