Hedge funds fail to wow in first half

Reuters  – Hedge funds have little to brag about halfway through 2012, with some of the industry’s biggest names reporting only small gains and trailing the benchmark U.S. stock index by a wide margin.

Paul Tudor Jones’ flagship fund is up 1.59 percent through the third week in June and David Einhorn’s biggest portfolio is up 3.7 percent in the first half, while Daniel Loeb told investors that his largest fund rose 3.9 percent during the first six months of 2012, investors in the funds said.

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