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Hedge funds recorded their best H1 performance since 2009


Opalesque Industry Update - Hedge funds recorded their best H1 performance since 2009 but only 81.1% of the constituents of the Eurekahedge Hedge Fund Index generated positive returns during that period.
The Eurekahedge Hedge Fund Index was up 0.15% in June 2021, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 1.93% over the same period. Covid-related mobility restrictions in most developed markets continued to be progressively relaxed, providing support to the reopening of their economies.
The quick rebound in economic activity led to increased inflation in some countries, most evidently in the United States where in May, the US consumer price index increased by 5.0% year-on-year which is the highest level since August 2008. This has led to fears that the higher inflation figure could compel the Federal Reserve to tighten monetary policy earlier than expected. ....

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