Surging equities boost hedge funds to year's best

Hedge funds have turned in their best monthly performance this year on the back of strengthening equity markets.

The hedge fund index of Hennessee Group, the US based hedge fund research and index provider, climbed 2.4% in July, its biggest monthly gain since November last year.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire