Equity Hedge Funds Lag Even As Correlations Decrease

In June, while the MSCI World Index posted an average gain of 1.8%, equity hedge funds continued to lag, returning a 1% gain on average, notes UBS. In its “Hedge Fund Monthly Update” for June 2014, the firm points out that several European equity managers also struggled in June as regional equity markets lagged on some weaker economic data. Equity hedge funds lag The UBS report points out that equity hedge funds continued to lag global equity markets in June by posting 1% on average as against the 1.8% rate clocked by the MSCI World Index. This can be deduced from the…