Tuesday, February 9, 2010
Register  |  Subscribe  |  Rss Icon RSS  |  Current Issue
 

Hedge funds stay ahead of the pack

By Aaron Siegel
July 10, 2007, 2:31 PM EST
Post a Comment
Share
Hedge funds have beaten out the major indicators in the month of June.

Hedge Fund Research Inc.'s Weighted Composite Index gained 1.11% in June, pushing the index up 7.97% year-to-date.

Meanwhile, Hennessee Group LLC's Hedge Fund Index rose 0.88% in June and is up 8.71% year-to-date.

Both indexes beat out the Standard & Poor's 500, Dow Jones Industrial Average and Nasdaq Composite, which declined 1.78%, 1.61% and 0.05% during the month, respectively.

HFR's emerging markets, short-selling and technology strategies had the strongest month, increasing 2.96%, 2.03% and 2.01%, respectively.

"Emerging markets did particularly well in Eastern Europe," said Ken Heinz, president of Chicago-based HFR. "That was the best performing geographic area."

HFR's real estate and health care/biotech fund categories fell 2.90% and 1.51%, respectively.

Meanwhile, New York-based Hennessee's distressed debt and Merger Arbitrage indexes fell 0.32% and 0.2% respectively.



Share


Recommend this article?

User Comments






Reproductions and distribution of the above news story are strictly prohibited. To order reprints and/or request permission to use the article in full or partial format please contact our Reprint Sales Manager at (732) 723-0569.
Consuelo Mack Wealthtrack

 



Fund Data Provided by
Markets Data Provided by
Lipper QuoteMedia