High Flying Hedge Funds Stumble In June; Loeb, Dinan, Cooperman

Summer holiday season has proved to be one of the toughest times of the year for hedge funds. All major indices that follow hedge funds performance took a major beating in June. According to Bloomberg, hedge funds lost 1.4 percent, HFRX Global Hedge Fund Index dropped 1.3 percent whereas Lyxor Hedge Fund Index was down 1.6 percent in June. Hedge Funds – Event & Long/Short Equity Down in June Over the past few weeks markets have been panicky as better than expected jobs data came to surface, fueling speculation that the Federal Reserve will curb QE sooner rather than later….