Hedge Funds Performance

First half roundup: Caxton, Glenview, Owl Creek gain while Metacapital, SPM, Bridgewater lose


2013 hedge fund performance mixed following a nasty June.

  Larry Robbins of Glenview Capital Management 
   Glenview's Larry Robbins (Photo: Bloomberg)
In the first quarter, most hedge funds gained alongside Mr. Market. In the second, the two danced together again, leaving many managers down for the quarter after a brutal June.

The Absolute Return Composite Index of all hedge fund strategies is up just 2.90% in the first half of the year after falling 0.87% in June. That compares to a 13.8% rise by the S&P 500 Index and an 8.44% gain for the MSCI World index over the first six