Early results point to a brutal July; Harbinger off 15%

Fri Aug 8, 2008




The month of July caught many hedge funds off guard, including some of the industry's marquee names, according to estimates through late July.

Portfolios that were long commodities, particularly energy, were hurt as the per-barrel price of Brent crude oil fell 12% during the month. Funds betting against financial stocks on concern about the lingering impact of the credit crisis also...

ISSN: 2151-1845 / CDC10004H

TAKE A FREE TRIAL

The full contents of this article are available to active AR subscribers and trialists only.

To continue reading please,
take a free trialsubscribe or log in to AR.

Subscribe

Subscribers have unlimited access to all current and archive content. Start your subscription today - click on the button below.

Subscribe now