MSNBC- Hedge funds globally suffered their second-worst week in four years during the final full trading week of July as continuing concerns about the spread of US credit problems took their toll on performance.
The Hedge Fund Research index of investable hedge funds, one of the most widely followed hedge fund performance benchmarks, fell by just over 3 per cent in the week beginning Monday July 23 as global markets fluctuated wildly.
It represented the worst week of performance since the week beginning March 26 this year, when the index fell 3.4 per cent as global stock markets suffered a sudden sharp sell-off.
