Hedge Funds Post Best Monthly Gain in July Since End of 2016
- Managers returned 1.1% last month, according to HFR data
- Funds bolstered by gains in equity and event-driven strategies
CS's Connors Sees Hedge Funds Leaning In to Europe
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Hedge funds in July reported their best monthly returns since the end of 2016, boosted by equity and event-driven strategies.
Funds on average gained 1.1 percent, according to Hedge Fund Research Inc.’s asset weighted composite index. Technology-focused equity funds had the best July of any sub-strategy tracked by HFR, returning 2.3 percent.