Net inflows were also positive following outflows from various regions and strategies in June, according to Eurekahedge. Net allocations now stand at $75bn for the year.
All major investment regions witnessed positive returns in July, with Asia ex Japan seeing the strongest gains of all. The region grew 1.97% versus the MSCI Asia ex. Japan region which grew 1.84%.
Japanese hedge funds outperformed the underlying index for the third consecutive month, gaining 1.10% despite declines in both the Tokyo Topix and the Nikkei 225.
In terms of strategy, all but CTA/managed futures finished in positive territory. Long short equities saw the strongest gains, 1.95%, while event-driven funds were up 1.54% as a result of strong IPO and M&A volume.
