(Pension & Investments) Hedge fund returns ended the first half of the year positively, with the HFRI Fund Weighted Composite index returning 2.4% in the six months ended June 30. The index’s six-month return, calculated by Hedge Fund Research, topped the 1.2% return of the S&P 500 index and the -0.1% return of the Barclays U.S. Aggregate Bond index, but trailed the MSCI World ex-U.S. index return of 4.8% as well as the 3.1% return of the MSCI Emerging Markets index.
On a quarterly basis, the HFRI Fund Weighted Composite index returned 2.1% in the three months ended March 31 and 0.2% in the three-month period ended June 30.