Risk.net – Performance of developed Europe-focused hedge funds declined in the second quarter as sovereign issues again increased volatility across major European markets. Year-to-date the group lags aggregate hedge fund performance, up 2.05% compared with 3.26% for the industry as a whole.
Total assets in funds dedicated to Europe rose to $192 billion at the end of the second quarter, $156.9 billion of which is focused either broadly or purely outside of emerging Europe.
