Hedge funds pushed through first half uncertainty and volatility to finish in positive performance territory, with funds from managers including AQR Capital Management and Bridgewater Associates posting double-digit gains.
Hedge funds overall posted returns of 3.8% through the end of June, according to the PivotalPath hedge fund composite index.
PivotalPath’s equity quant index finished the first half up 8.3% followed by its equity diversified index up 7.4%.
Within the equity diversified sector, global long/short funds were up 8.7%.
Within the macro sector, the global macro discretionary index returned 11.4% for the first half.
The worst-performing hedge fund index for the first half was managed futures, down 9.3%, according to PivotalPath data.
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