Hedge Fund Industry Recoups June Losses In July: Preqin

Law360, New York (August 15, 2013, 4:11 PM EDT) -- The global hedge fund industry recovered from a negative performance in June with a strong July, recouping all of its losses from the previous and bumping year-to-date returns above 5 percent, according to a report by U.K. fund industry consultant Preqin Ltd. released Thursday.

Overall July returns for the industry were 1.64 percent, the best single month for hedge funds since January. The strong month completely wiped out the 1.63 percent loss for the industry in June and took YTD returns to 5.39 percent, Preqin said....
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