Hedge funds, as measured by the Credit Suisse Hedge Fund Index, finished July up 0.88 per cent with two out of 10 strategies in positive territory.
In total, the industry saw estimated outflows of approximately USD0.5bn in July, bringing overall assets under management for the industry to approximately USD1.9trn.
The sectors with the largest asset inflows on a percentage basis were dedicated short bias and multi-strategy, with inflows in July equal to 0.62 per cent and 0.57 per cent, of the June 2013 levels, respectively.
Event driven funds generally sustained positive performance in July amid improved technical conditions and positive investor sentiment.
Long/short equity funds posted overall positive returns in July as global markets were generally strong.