Research

Hedge Fund Performance Commentary

Introduction

Hedge funds rebounded strongly in July after four months of negative returns – the Eurekahedge Hedge Fund Index rose 1.10%1 bringing its year-to-date (YTD) gain to a healthy 2.57%. The year’s performance has weathered European sovereign debt woes, tensions in the Middle East and the dominant risk aversion from a slowdown in the global economy. After the rally in July, managers may find themselves with a fresh perspective of global markets as they continue to work towards exceeding their high water marks and hit their return targets for the rest of the year.

July 2012 and June 2012 returns

The close of July saw most regions in positive territory with European managers posting the best gains as the regional equity markets rallied strongly in the last week of the month. Rallies were driven by positive remarks from ECB President Mario Draghi, who suggested further policy support for the region. The Eurekahedge European Hedge Fund Index was up 1.14% during the month with the Eurekahedge Eastern Europe & Russia Hedge Fund Index gaining 2.72%.

Among other regions, managers investing in emerging markets and Latin America posted returns of 0.79% and 1.00% respectively, profiting from ...

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Footnote

1Based on 47.06% of funds which have reported July 2012 returns as at 13 August 2012

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