Hedge Funds Set For Worst Performance Since 2011

The hedge fund industry is heading for its worst first half performance since 2011, according to Hedge Fund Research Inc.'s Global Hedge Fund Index.

For the year to June 29, the hedge fund index lost 1.1% the worst performance since the first half of 2011 when the index declined by 2.1%.

Currency funds have reported some of the worst performances with the Citi Parker Global Currency Manager Index falling just under 0.5% during June, the fourth month of declines for the index and the longest losing streak in almost three years.

Hedge Funds Buy The Post-Brexit Dip

Still, some funds have managed to outperform the pack despite market volatility. According to Bloomberg P/E Investments’s $4.4 billion currency hedge fund, co-founded by Warren...