Hedge funds provided strong downside protection for investors in July against a backdrop of macroeconomic uncertainty arising from the deepening sovereign debt crisis in Europe and the fractious debate on raising the US debt ceiling. The Eurekahedge Hedge Fund Index gained 0.44% in July, while the MSCI World Index dropped 2.59% for the month.
Long/short equity funds were flat for the month, registering a return of 0.04%. However, the strategy still outperformed global equity i
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