Figures show pooled Fohf managers back in positive territory

Improved second quarter returns from funds of hedge funds not enough to drag asset class into positive one-year performance after poor start to 2008

Pooled fund of hedge fund managers were back in positive territory in the second quarter of 2008, figures from BNY Mellon Asset Servicing have revealed. The median fund returned 2.4% compared with -4% in Q1. During Q2, the universe of pooled Fohfs outperformed other mainstream pension sectors, including UK equity (-1.1%) and overseas equity (-1.5%). They outperformed UK bonds (-2.7), index-linked gilt (0.9%) and cash (1.3%) pooled managers. Despite this upturn however, negative results in earlier quarters mean that over one year to end June, pooled Fohfs returned -0.7%. They still a...