The Tara European Hedge Fund Index, derived from 300 European-focused hedge funds, rose by 1.78 per cent in July 2005. The best performin...

The Tara European Hedge Fund Index, derived from 300 European-focused hedge funds, rose by 1.78 per cent in July 2005. The best performing sector was European long short with a gain of 2.21 per cent in the month, whereas the worst was European relative value with an increase of 0.68 per cent. The European event driven strategy achieved a gain of 1.84 per cent and European multi-strategy was up 1.74 per cent. The benchmark provides an indicator of the performance of European hedge funds and was developed to enhance TARA Capital’s manager selection and asset allocation processes for internally advised portfolios and advisory clients.