The late spring's steep, correlated market correction
continued through the first weeks of June, wreaking havoc on
hedge fund returns and dashing the hopes of many managers
looking to claw back losses from the prior month.
"May was extremely bad, and June has continued the
correction. There's real damage out there," said one
A broad range of strategies got slammed in the first half of
the month as currencies gyrated, stock markets around the world
continued to crater and spreads on...