Hedge funds were up during the month of July, gaining 1.52%1 while underlying markets as represented by the MSCI World Index (Local) were up 4.18%. Roughly 73% of the underlying constituent hedge funds for the Eurekahedge Hedge Fund Index were in positive territory this month thanks to a broad-based global equity market rally and an improving investor risk appetite post-Brexit. Latin American managers led performance among regional mandates this month, and were up 4.30% while relative value managers topped the table across strategies, gaining 2.92% over the same period. As of 2016 year-to-date, hedge funds gained 2.55% with over half...