Hedge Funds Post Best First Half in Decade
- Industry is up 5.7% on an asset-weighted basis, HFR data show
- Ackman’s Pershing among big winners in ‘stock-picking market’
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Hedge funds reported the best first half since 2009 as equity managers capitalized on the surge in stocks.
Funds rose 5.7% from January through June, according to Hedge Fund Research Inc.’s asset-weighted index of managers. Equity funds were the best-performing broad strategy, gaining almost 9% in the period.