Hedge Fund Performance Update: Activist Strategy Leads With 11% GainPreqin
The Preqin All-Strategies Hedge Fund benchmark posted gains of 0.23% in July, bringing the YTD return to 7.88% and marking the sixth positive return in the first seven months of the year.
As geopolitical tensions intensify, the global macroeconomic outlook is increasingly uncertain and as a result, central banks have turned more dovish in 2019. With bond yields falling, however, equities have rallied this year following a difficult Q4 2018. At this critical time for the industry, investors now have a tough choice to make: do they invest for growth or protection?
Hedge Fund Performance Update: July 2019
The Preqin All-Strategies Hedge Fund benchmark posted gains of 0.23% in July. This improved the YTD return for 2019 to 7.88% and marks the sixth positive return in the first seven months of the year.
- Multi-strategy hedge funds posted the highest return (+1.63%) for the month but, despite lacklustre gains in July, equity strategies funds remain the top performers (+9.59%) for the year so far.
- Hedge funds employing credit strategies managed to maintain their positive run. Having returned 0.70% in July, they remain the only top-level strategy with no negative monthly returns so far this year.
- Vehicles focusing on North America led the pack for July with a return of 0.67%. North America has seen YTD gains of 9.15%, making it the best performing region, ahead of emerging markets-focused funds (+7.87%).
- Funds of hedge funds and liquid alternatives all made gains through the month, while CTAs built on June’s momentum to return 1.31% in July. This was driven by systematic CTAs, which have returned 8.27% in 2019 YTD.
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