03
Aug

Hedge funds missed the july rally
July proved to be an excellent month for most financial assets, but clearly not for hedge funds (+0.5%), which largely underperformed during this period of recovery in international equities (+7.9%), real estate (+6.9%), private equity (+17.9%) and bonds (+2.1%). Overall, hedge funds do not seem to have anticipated the stock market recovery
short covering the 100 day average ?
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