Hedge Fund News From HedgeCo.Net

Hedge Funds Stay Defensive Despite Rally

CNBC – Hedge funds remain ­cautious and defensive after largely sitting out the rally in the U.S. stock market since the start of June, ­contributing to the lowest U.S. stock market trading volumes since 2007.

The lack of conviction comes as the industry struggles with lackluster performance that leaves a quarter of hedge funds at least 10 percent below their high water marks — the point where they can charge investors incentive fees — according to Credit Suisse.

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