Van Hedge reported that the Average US Hedge Fund fell -3.0%, net of fees in July, while the Average Offshore Hedge Fund lost -2.3% net.
Stocks fared far worse, with major indices hitting levels unseen since 1997 and 1998, Van Hedge said. The S&P 500 lost -7.8% in July and the NASDAQ plunged -9.2%. The Average Equity Mutual Fund fell -8.9%.
For the second month in a row, the three most successful hedge fund strategies were:
- US Short Selling, 7.4%
- Offshore Short Selling, 6.7%
- Offshore Income, 1.2%.
Those strategies also hold the same rankings for the year to date through July with US Short Selling up 27.1% net, Offshore Short Selling up 23.2% net, and Offshore Income up 8.4% net.
For the year to date through July, the Average U.S. Hedge Fund and Average Offshore Hedge Fund have returned -3.0% and -1.7%, respectively.
July’s figures follow a 2.2% net loss in June.
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