CRANBURY, NJ, August 20, 2016 - With over 800 hedge funds reporting July results, the HedgeAlytix Dynamic Average (HxDA) rose 1.963% for the month. Year to date, all alternatives have gained 2.224% versus 2.525% through July 2015. Hedge funds were halfway through a four-month decline in July 2015, and they ended the year down 0.656%.
Although marquee funds are still suffering from major asset allocators' cut-backs in hedge fund investments, the vast majority of investment advisors (those with less than $1B under management) remain optimistic about the markets over the next several months. Few are willing to venture a guess about the climate in 2017.