For the second quarter, hedge funds lagged the major indices, returning 5.6% net.
However, on a year-to-date basis, the Average U.S. Hedge Fund recorded an estimated net year-to-date return of 4.4%, while the Dow, S&P 500, NASDAQ and Wilshire 5000 reported negative returns.
According to the hedge fund advisory firm, over 68% of those hedge funds reporting so far in June have recorded a gain for the month. Just one of the 14 investment strategies tracked has posted a loss in June.
Final June performance for U.S., Offshore and Global hedge funds, by strategy, will be released later this month.