NYT – Most hedge funds managed to come through the market tumult of the first half with flat to slightly lower returns, but that kind of ho-hum performance may not satisfy wealthy investors going forward, Reuters reported.
For the year to date, the average hedge fund lost 1.45 percent, according to data released by Hennessee Group on Thursday. But compared with the 7.6 percent decline in the Standard & Poor’s 500 index, the lackluster performance of the $1.6 trillion hedge fund industry doesn’t seem so shabby.
