Hedge funds gain in July

Global hedge funds posted their fourth consecutive month of gains in July and are up 1.65% for the year versus a 3.61% decline for the MSCI AC World Index USD. Almost 20.2% of hedge fund managers have posted double-digit returns in 2020 despite a challenging start to the year, according to Eurekahedge. Assets under management for the global hedge funds industry have rebounded increasing by US$113.0 billion over the four-month period ending July 2020. This has come from performance-driven gains of US$103.0 billion and net investor flows of US$10.0 billion. This marks a sharp recovery following US$264.1 billion asset decline in Q1 2020.