Tough Year for Hedge Funds – 2.55% YTD
The fact that hedge funds are struggling goes to prove how tough trend following and all trading really is.
I report to Eureka hedge my trading results and received an email from them this morning.
What stood out in this report was Long/Short Equity traders and CTAs ( Commodity trading Advisors) had double digit returns. I am a CTA and the last several years have been the toughest for me since 1994.
That is why you need a complete trading plan and the fortitude to stick with it…
Hedge funds up 1.52%, posting fifth consecutive month of gains – 2.55% year-to-date
Index Flash Update – 10 August 2016
Hedge funds were up during the month of July, gaining 1.52%1 while underlying markets as represented by the MSCI World Index (Local) were up 4.18%. Roughly 73% of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory this month thanks to a broad-based global equity market rally and an improving investor risk appetite post-Brexit. Latin American managers led performance among regional mandates this month, and were up 4.30% while relative value managers topped the table across strategies, gaining 2.92% over the same period.
As of 2016 year-to-date, hedge funds gained 2.55% with over half of managers posting positive year-to-date returns. Roughly 12% of hedge fund managers have posted year-to-date returns in excess of 10% over the past seven months, down from 16% of funds over the same period last year. One-third of these funds posting double digit gains are long/short equity mandated while another quarter of them are CTA/managed futures mandated hedge funds.