US hedge funds lose in 1st half, mutual funds worse

U.S. hedge funds, which often promise to make money in all markets, were in the red during the first half of the year but did not lose nearly as much as mutual funds, according to data released on Tuesday.

Hedge Fund Research said the average hedge fund is off 0.75 percent since January after slipping 0.68 percent in June.

For the roughly $2 trillion hedge fund industry the credit crisis and slower economic growth have led to sluggish returns across the board, according to data compiled by companies that track the industry.

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