July Brings Relief to MSCI Investable Index

NEW YORK (HedgeWorld.com)–Hedge funds put up a month of slightly positive returns in July, as investors in the MSCI Hedge Invest index saw an increase of 0.22% for the month.

Though meager, index investors can be satisfied with a return to positive performance, after watching drawdowns of 1.27% in June and 1.09% in May. Year-to-date, the index, which tracks 138 hedge funds as of the end of July, was up 2.67%.

The fixed-income index was the biggest contributor to the month's results, returning 1.02%; year-to-date the strategy is up 2.9%. Discretionary traders gained 0.87%, with a 1.83% return year-to-date; event-driven managers returned 0.77% and were up 3.68% year-to-date; and the variable bias category returned 0.46% and was up 2.47% year-to-date.