The best performing strategies in July were Managed Futures, Multi-Strategy and Event Driven. Managed Futures also topped our monthly alpha rankings, standing out from all other strategies by a margin of over 4%.
Towards the end of July, overall market volatility kicked into high gear, with intensified recessionary risks and stalled trade and tariff discussions. Geopolitical tensions might play an outsized role in hedge fund performance in the coming months as a jittery public market continues to respond to politically-driven events.
Year to date, Equity Sector remains the highest performing of all 40+ hedge fund strategies PivotalPath tracks, driven by a strong Q1 2019. Comprised of four different sub-strategy indices, Equity Sector outperformance has been led by TMT which is up 14.4%, Financials up 12.0% and Healthcare up 11.3%, YTD.
For access to performance data, our proprietary alpha rankings and additional commentary, please download the full report.