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Alternative Market Briefing

Hedge funds gain non-stop in first half of 2017

Monday, July 24, 2017

Benedicte Gravrand, Opalesque Geneva:

Preqin's Hedge Fund index is up 4.87% in H1-17 (0.57% in June) and in its eight consecutive month of positive performance, just like the HFRI Fund Weighted Composite Index (FWC) which also posted its eighth consecutive monthly gain and fifteenth gain in the past 16 months, the longest such performance streak since the period ending April 2004. The HFRI FWC Index climbed +3.6% in H1-17, led by the HFRI Equity Hedge (Total) Index, which returned +6.1%.

The Barclay Hedge Fund Index, compiled by BarclayHedge, has also risen every month this year, as well as in 11 of the past 12-months, and is up 4.41% for 2017 (0.37% in June). "The hedge fund industry continues to show broad strength," says Sol Waksman, founder and president of BarclayHedge. "The continued rally in the U.S. equity market combined with outsized returns in specific market segments have led the industry higher this year."

The Preqin index's H1 performance is the highest since H1-2009 (+16.94%). It is also the first time since 2007 in which the first six months of the year have all recorded positive returns.

"Despite negative inv......................

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