Funds Of Hedge Funds Outperform Single-Manager Funds In July In July by Preqin
The hedge fund industry failed to gain pace in July, with average returns in the red for the second month in a row. The Preqin All-Strategies Hedge Fund benchmark was down 0.31% in July following returns of -0.87% in June. Funds of hedge funds, however, posted returns of 0.33% through July, driven by the strong performance of macro strategies-focused funds of hedge funds, which were up 1.74% for the month.
