Forbes – Long-only hedge fund strategies posted the best returns of the asset class in July as global stock markets continued their upward trend, according to data in a report published by Lipper Global on Tuesday.

As the industry looks to repair itself following last year’s heavy losses and record redemptions, these new figures will give more ammunition to market watchers who claim that the industry is on the road to recovery.

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Tags: ammunition, asset class, forbes, global-stock-markets, heavy losses, hedge fund strategies, lipper, redemptions, upward-trend

Times of the Internet – Hedge funds have gained ammunition for complaints against German sports car maker Porsche after it said it made almost 400 million euros (514 million dollars) in bets on German blue-chip stocks, a press report said on Monday.

The Financial Times quoted Porsche chief financial officer Holger Haerter as saying that the company had gained 392 million euros in its 2007/2008 fiscal year from trading in options on German stocks, in addition to controversial gains from trades in VW shares.

"We have also arranged share options to generate liquidity. The underlying shares were referring to DAX (Frankfurt blue-chip index) companies and not to Volkswagen," the FT quoted Haerter as telling an annual general meeting.

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Tags: ammunition, annual general meeting, bets, blue chip index, blue chip stocks, car maker, chief-financial-officer, dax frankfurt, financial times, fiscal year, german sports, german stocks, index companies, liquidity, million dollars, porsche, share options, sports car, volkswagen