Hedge funds struggle to flat finish in June

Fri Jul 21, 2006



June got off to a troubling start for most hedge funds as equities continued their spring freefall and other asset classes gyrated. But a late-month rally, spurred in part by comments coming out of the Federal Open Market Committee meeting, helped managers trim earlier losses.

According to preliminary research, the Absolute Return Composite Index returned 0.10%...

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