Special Report: Top Performing Hedge Funds

Hedge fund managers retained their gains and posted respectable returns for the third straight quarter. All 22 of the hedge fund and fund-of-funds strategies tracked by Morningstar turned in positive average performance for the three months ended Sept. 30.

Hedge fund managers retained their gains and posted respectable returns for the third straight quarter. All 22 of the hedge fund and fund-of-funds strategies tracked by Morningstar Inc. turned in positive average performance for the three months ended Sept. 30.

Hedge funds continued their performance rebound in the second quarter with positive returns in the three months ended June 30, although few strategies managed to beat the strong performance of the broad public equity markets.