Hedge fund managers record modest gains on the back of anticipated Fed cut
Hedge fund managers ended July 2019 up 0.53 per cent on an equal-weighted basis, and 0.70 per cent on an asset-weighted basis, according to data released by Eurekahedge.
Investor optimism towards the resumption of the US-China trade talks combined with the Fed's anticipated rate cut supported the global equity market during the month.
Over the month of July, USD12.1 billion of investor outflows were recorded by the global hedge fund industry, despite performance-based gains of UD$18.1 billion. The industry AUM stood at USD2,292.4 billion as of June 2019.