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From Precy Dumlao, Opalesque Asia:

The Midway Market Neutral Fund, managed by the $280m fixed income manager The Midway Group, which is based in New York, returned +1.75% in June. The month’s gains brought the fund +22.17% for the first half of 2011. This performance greatly outpaces broader hedge fund strategies such as the Barclay Hedge Fund Index which was down -1.04% in June (+1.04% YTD), as well as the fun’s strategy benchmarks such as the BarclayHedge Fixed Income which ended June at -0.12% (+5.02% YTD).

John K. E. Morris, Managing Director of The Midway Group commented: "We are pleased with this result, and with our current portfolio composition."

Midway Market’s bull run started in December 2009 when the fund returned +2.27%, reversing the -15.07% performance of the previous month. Since then, the fund has not had a down month, maintaining a 29-month winning streak. Midway’s highest returns this year were recorded in April at +5.34% and the fund was up +3.97% in May. Most hedge funds suffered negative losses during May and June.

According to the Lyster Watson Index, June was a disappointing month for all hedg......................

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