Quant hedge funds faced a drawdown starting in June, impacting multiple firms such as Qube, Man Group, and Engineers Gate. Despite a period described as a 'long, slow bleed,' the last week of July saw a notable recovery, with systematic funds regaining roughly 30% of previous losses. This recovery resulted in stock-picking quants ending July down only 2%, maintaining annual returns above average hedge funds and the S&P 500. Some funds, including Qube and Engineers Gate, reported partial recovery, though they still remain lower than desired for the year.
Quant hedge funds faced a challenging period starting in June, referenced as a 'long, slow bleed,' with July seeing modest recovery for some funds.
Qube Research & Technologies saw a 4.5% decline in its flagship fund in July, but remains up over 13% for the year despite the drawdown.
Engineers Gate began May up 12%, yet lost more than 4% in July, now sitting with a 2025 return of 7.1% through July.
Man Group's AHL Dimension strategy dropped over 3% in July, contributing to a total year-to-date decline approaching 9%.
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