Hedge Fund Gain
According to Reuters, the $1.4 trillion hedge fund industry made gains in July 2009 when assets rosed 2.42% in July. This came on the back of record losses and redemptions.
On average, hedge fund gain was 12.17% year on year as at end July 2009.
The hedge fund gain was still less than Standard & Poor's 7.4% rise in July. Yet somehow this hedge fund gain is still good news for the hedge fund industry because it continued a five-month gain. Investors withdrew $152 billion in the last three months of 2008, an all time record of redemption.
Many hedge fund gains rode on the back of stock market rally. Sentiment is high on expectations of better returns from new funds from pension funds and endowments in the months ahead.
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