Hedge Fund Launches Accelerate in Europe

Hedge funds suffered disappointing returns in June, with all strategies posting negative returns for the first time in over 12 months, according to data released today by research firm Preqin. Despite the losses, hedge funds are looking at opportunities in Europe right now. Hedge funds recorded a 12th consecutive positive month following positive returns in April and May, but suffered a setback with -1.52% returns in June. Hedge funds disappointed in second quarter Overall returns for the whole of the quarter were poor, with single-manager hedge funds posting returns of just 0.14%, compared to 3.29% in Q1 2013. Funds of…