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Hedge funds back in positive territory in July

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Hedge fund performance swung back into positive territory in July – following negative returns for much of this year – with all AUA categories and all strategies bar commodities posting positive weighted average returns.

That’s according to the latest Monthly Hedge Fund Update report from hedge fund administrator Citco, which has assets of around $1.8 trillion under administration. 

The overall weighted average return for hedge funds administered by the Citco group of companies was 3% in July, up from -2.4% in June and -1.1% in May.

The firm’s commodity strategies, which have delivered strong returns so far this year amid wild market swings, were the only strategy to end the month in negative territory, posting average losses of 0.7 per cent.

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