Hedge funds navigated rocky markets in a volatile first half of the year that featured the start of the Iran war and ensuing oil shock, concerns and optimism over artificial intelligence, and a new leader at the U.S. Federal Reserve.
Hedge funds on average posted returns of 7.23% through the end of June, according to data from PivotalPath’s hedge fund composite index, comfortably above the historical first-half average of 5.15%. Another data provider, Hedge Fund Research, had its HFRI Fund Weighted Composite Index up 7.57% for the first half.
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