Rough ride for hedge funds in Q2

Following Q1 returns north of 3%, hedge funds have soured to 0.14% in Q2, according to Preqin’s quarterly hedge fund report.

Read: SEC lifts ban on hedge fund advertising

The return breakdown by single-manager fund type is as follows:

• Event driven: 2.30%
• Relative value: 0.82%
• Long/short: 0.32%
• Multi-strategy: -0.26%
• Macro strategies: -1.42%
• CTAs: -2.30%

Read the full report here.

Also read:

Are hedge funds suitable for the average investor?

SEC charges hedge fund managers with fraud

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The staff of Advisor.ca have been covering news for financial advisors since 1998.