Hedge funds enjoyed their worst first half performance since 2000, according to a new report.
The Eurekahedge report for July found that assets in hedge funds were down 0.34% in June with first half returns at an almost flat 0.08% gain year-to-date.
The report also found that:
• Total hedge fund assets grew by just US$8.8 billion (€7.6 billion) in the first half, compared with a growth of $98.5 billion during the first half of 2017.
• Across regional mandates, European hedge funds posted a small decline in assets under management to the tune of US$5.9 billion in June.
• North American hedge funds in June had their strongest performance so far this year seeing AuM grow by US$11.9 billion.
• Emerging markets focused hedge funds saw their assets decline by US$6.8 billion in June.
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