Hedge funds post positive monthly returns in H1 for first time since 2007

Best H1 performance since 2009

The global hedge fund industry averaged positive returns for each of the first six months of the year for the first time since 2007, according to data provider Preqin.

Hedge funds returned 0.57% in June, bringing year-to-date gains to 4.87%, the highest H1 performance the industry has seen since the first half of 2009, when it achieved returns of 16.94%. June was also the sector's eighth consecutive month of gains overall, surpassing the seven-month period recorded in March to September 2016. Asian hedge funds post strongest performance since 2015  "Despite negative investor sentiment at the start of the year, over the past six months the hedge fund industry has recorded one of its strongest H1 performance periods since the global financial crisi...