2009-07-07 — guardian.co.uk
A strong rise in stock values in emerging markets combined with a resurgence in stockmarkets across all major western economies helped the Credit Suisse/Tremont Broad Hedge Fund Index return 4.06%, the largest monthly performance jump since February 2000.
Hedge funds that invested in Hungary and India were among the highest performing, along with those that picked Russia and Brazil. Funds tracking the financial sector and the oil market also made strong gains during the month.
The figures follow a report showing that pension funds have continued to back hedge funds despite calls for a retrenchment away from risky investments.
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