Greater China hedge funds gain in July

The Eurekahedge Greater China Long Short Equities Hedge Fund Index was up 8.40% in July, bringing its year-to-date return to 19.34%. Almost 20% of the managers have delivered returns in excess of 20% with the Top 3 managers gaining over 50% year-to-date. The faster-than-expected economic recovery of the Chinese economy as reflected from its strong PMI numbers and double-digit Q2 GDP growth, boosted the performance of the underlying equity market in the region.