Bloomberg – Hedge funds returned an average 0.6 percent in July as global stocks rallied following assurances from Federal Reserve Chairman Ben Bernanke that the central bank won’t withdraw its monetary stimulus prematurely.
Macro and multistrategy funds fell in July and long-short equity managers rose, data complied by Bloomberg show. Funds managed by Bridgewater Associates LP, Renaissance Technologies LLC and Paulson & Co. reported gains in July, while Tudor Investment Corp. posted a decline, according to people briefed on the returns.
