Hedge funds that focus on short selling shares in June increased their returns fourfold compared with last year after the MSCI World global equities index fell by 7.8%. However, they were still beaten by managed futures hedge funds as the most successful strategy this year, according to new data.

Hedge funds that focus on short selling shares made an estimated 8.08% in June as the MSCI World global equities index fell by 7.8%, however managed futures hedge funds have been the best investment so far in this year.