posted on Tuesday 6 Jul 2010 08:51 GMT
From Wall Street Journal Interactive – see full story (subscription required)
The Wall Street Journal reports: The $1.8 trillion hedge-fund industry avoided big losses in the first half of 2010 as many managers stayed defensive amid sovereign-debt concerns and worries about a double-dip recession.
A global index of managers compiled by Chicago-based Hedge Fund Research Inc. fell 0.94% in June, according to early estimates. That would leave the index down 1.2% in the first half.