Home Breadcrumb caret Industry News Breadcrumb caret Industry Hedge funds rebound in Q2 Hedge funds finished the second quarter on a stronger note with the Eurekahedge Hedge Fund Index up 1.45% in June. On a year-to-date basis, hedge funds are up 3.18% while the MSCI World Index has returned 4.27% in the first half of 2014. By Staff | July 9, 2014 | Last updated on July 9, 2014 1 min read Hedge funds finished the second quarter on a stronger note with the Eurekahedge Hedge Fund Index up 1.45% in June. On a year-to-date basis, hedge funds are up 3.18% while the MSCI World Index has returned 4.27% in the first half of 2014. Key takeaways: Hedge funds were up 3.18% June year-to-date; 2.26% in the second quarter compared with 0.90% in Q1 2014. Read: Alternatives a solution to high correlations Hedge funds posted performance-based gains of US$40 billion and attracted US$67 billion in net asset flows in the first half of 2014. North American hedge funds are up 5.19% year-to-date — the highest among all regional mandates. Long/short equities and event driven strategies delivered the best returns in June, up 1.96% and 1.80% respectively. Latin American hedge funds posted their fifth consecutive month of positive returns, up 1.34% and 2.74% year-to-date. Read: More investors partnering with hedge fund managers Distressed debt strategies were up 1.19% in June, posting their twelfth consecutive month of gains, and are now up 5.11% in 1H 2014. Japanese hedge funds surfaced in positive territory year-to-date after posting strong returns in June, up 2.09% during the month, and have outperformed the benchmark Nikkei 225 index by 7.26% year-to-date. CTA/managed futures hedge funds were up for the third consecutive month, reporting gains of 1.67% in June and 2.63% year-to-date. Macro hedge fund strategies continue to post lacklustre returns, up 0.24% in the first half of the year. Read: Are hedge funds suitable for the average investor? Staff The staff of Advisor.ca have been covering news for financial advisors since 1998. Save Stroke 1 Print Group 8 Share LI logo