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Hedge funds return to the black
24 August 2010
Morningstar, an independent research firm has released its hedge fund performance for July
Morningstar, a provider of independent investment research, today reported preliminary hedge fund performance for July 2010 and asset flows through June.
Hedge funds returned to the black in July. The Morningstar 1000 Hedge Fund Index rose 2.7%, while the currency-hedged Morningstar MSCI Composite Hedge Fund Index climbed 0.9%. Year to date through July, these indexes were up 0.4% and 1.7%, respectively.
Global stock markets bounced back in July, especially in Europe, as concerns over the debt crisis eased. European-equity-focused hedge funds missed out on much of the market rally, however. The Morningstar Europe Hedge Fund Index increased 5.6%, while the MSCI Europe NR Stock Index rose...
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