Van said that offshore (non-US) short selling was the second most successful hedge fund strategy in July, reaping net returns of 3.3% for the month. By comparison, Morningstar’s World Equity Index fell 12.4% in the same period.
Van’s index of all US hedge fund styles fell 60 basis points in July, outperforming all the major US equity indexes except the Dow, which rose 30 basis points.
Van said that hedge funds specialising in US distressed securities investing have had the best net return so far this year, up 14.1% to end-July. The second most successful hedge funds are the offshore distressed securities investors, which were up 11.3% in the first seven months of this year.
The week on Risk.net, July 7-13, 2018Receive this by email