Hedge Funds Post Negative Returns For The First Time In 12 Months

Hedge funds benchmarks are back in red after twelve consecutive months of positive returns, according to a data released by research firm Preqin. June saw disappointing returns from hedge funds, with all strategies tracked by Preqin recorded a loss, with long/short funds posting the worst returns. Interestingly, the strategy was one of the better performers in May, posting 1.33 percent. The strategy has beaten the year-to-date benchmark by returning 4.48 percent on average in 2013. On the average, the hedge funds posted a negative return of 1.52 percent in June. Hedge funds event driven – The most successful strategy According…