Hedge Fund Performance Still In The Red For 2018, Thanks To February

The world's hedge funds are still underperforming the markets, and preliminary results for July suggest funds are having their weakest performance in a decade. The Eurekahedge Hedge Fund Index gained 0.41% last month, underperforming the MSCI World Index's gain of 2.59% for the month.

Those gains in the index have been driven entirely by inflows as the world's hedge funds are still in the hole on performance-based returns.

Hedge funds record weakest performance in years

According to the August Eurekahedge report, final flow numbers for June indicate $2 billion in performance-based losses for hedge fund managers, along with $3.8 billion in net asset outflows. Preliminary July data suggests $2 billion in performance-based gains and net inflows of $1.5 billion. As of...