The first seven months of 2009 have seen funds of hedge
funds making welcome gains, although some have lagged
Among the best performers in the sector has been Aurora
Global Opportunities Offshore Fund, which is up 16.27% over
seven months following a 3.93% July return. Aurora repositioned
its multi-strategy portfolios to give substantially more
long/short credit exposure at the start of 2009, driving the
first half's gains.
This was in...