August 2008
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August 4, 2008
Hedge funds may have fallen in July most since 2002.
Hedge funds are expected to announce their returns fell 2.8 percent last month, the worst performance since July 2002, the Wall Street Journal reported, citing Chicago-based Hedge Fund Research.
Hedge funds have outperformed the market this year, but may have done worse last month, the Journal said. Standard & Poor's 500-stock index fell 1 percent in July and is down 14 percent this year.
-Bloomberg.com-
Posted by su at 3:11 PM