The Van Global Hedge Fund Index showed positive returns for the fourth consecutive month in June, Van Hedge Fund Advisors International announced on Tuesday.
Preliminary figures for last month - based on the average of around 330 hedge fund returns - showed an increase of 1.4% net of fees.
'June was another positive month for Wall Street and another good month for hedge fund investors as well, George Van, Chairman of Van Hedge explained, continuing:
'Hedge fund investors are gratified to see that these funds, which generally avoided bear market losses over the last few years, have been able to switch gears and make money in this year's rebounding stock market.
An updated version of the June index, based on a larger sample of hedge fund results, is due out later this month.
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