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


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