Hedge fund performance in the second quarter is likely to be -0.85%, outperforming the -2.75% return of the S&P 500 index, according to regression estimates by eVestment Alliance.
Based on early reporting by hedge funds to eVestment Alliance's database, the median return for June is 0.39%, but researchers at the research firm expect that to rise “as a more diversified set of funds” turn in their results, according to a news release.
The median hedge fund return for the first six months of 2012 is projected to be 3.78% vs. 9.49% for the S&P 500 index, according to the firm's regression estimates. By comparison, in the first six months of 2011, the median hedge fund return was 0.42% compared to 6.02% for the S&P 500 index, according to eVestment Alliance data.
