Systematic hedge funds recovered some ground in the final week of July, offsetting what had been a difficult month for the sector, according to a report by Business Insider citing the latest prime brokerage data from Morgan Stanley and Goldman Sachs.
Morgan Stanley said that in the last week of July funds clawed back around 30% of monthly losses, while Goldman noted that equity market-neutral and stock-picking quant strategies ended the month down roughly 2%, bringing the average 2025 return to under 10% – still ahead of both the broader hedge fund universe and the S&P 500.
Individual managers reported mixed results. Qube Research & Technologies’ flagship fund fell 4.5% in July but remains up more than 13% year-to-date. Engineers Gate lost over 4% in July, cutting 2025 gains to 7.1%. Man Group’s AHL Dimension multi-strategy quant fund declined more than 3% in July, extending its year-to-date loss to nearly 9%. Walleye Capital’s quant unit was the weakest of its four strategies in July, though gains in Asia helped offset US losses.
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