Hedge Fund Monthly Update – July 2013 (UBS)

August 2013

KEYWORDS: Equity markets, Macro, MSCI, Hedge Fund Research, DJ UBS Commodity Index, hedged equity, alternative investment, CTA, global macro, commodities, gold, event driven, fixed income, Australia, Japan, credit hedge funds, Asian Hedge Funds, prime broker, securities lending, European Union, capital formation



  • UBS


This month’s highlights include:

  • Hedge funds returned an average of +1.0% in July, significantly lagging equity markets (MSCI World +5.3%).
  • Equity related strategies were the best performing, with Event Driven +2.2% and Equity Long Short +2.3%.
  • Macro related strategies were the worst performing, hurt by a weakening USD (Global Macro   -0.7%; CTAs -0.5%).
  • In July, we saw a continued reluctance by EMEA and APAC equity funds to take additional risk.

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