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In the week ending July 9th 2021, a report said that amid double-digit returns and increasing assets under management, hedge fund managers have grown even more optimistic about their business prospects over the next 12 months. According to the second quarter Hedge Fund Confidence Index (HFCI) from AIMA, Simmons & Simmons, and Seward & Kissel, the average measure of confidence has risen to +19.5, up from an average of +18.4 in Q1.
Hedge fund performance advanced in June, extending the streak of consecutive monthly gains to nine and completing the best first half of a calendar year since 1999, driven by optimism regarding the US economic reopening and despite increasing signs of building inflationary pressures in the US and Europe. The HFRI Fund Weighted Composite Index (FWC) gained +0.4 percent in June, while the investable HFRI 500 Fund Weighted Composite Index advanced +0.2 percent, according to data released today by HFR.
Meanwhile, credit hedge funds, as measured by Gapstow's composite index, gained 3.2% in Q2-2021, bringing year-to-date performance to 8.7%.
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