While Hedge Funds Post Generally Muted Results, These Top Names Are Soaring

Global hedge funds are squeezing out positive performance in 2019, but continue to lag the US stock market. The Mizuho Eurekahedge Hedge Fund Index was up 4.08% on the year basis June 30 while the stock market is providing a strong beta market headwind. The MSCI ACWI (Local) was up 14.39% during the first half of the year while the S&P 500 was up 17.3%, its best first half performance in two decades and breaching an all-time highs. While hedge fund performance might look muted by comparison, individual hedge fund managers, some rather well-known, are themselves delivering record returns amid…