The
"Hedge funds posted strong returns on average during June," Kevin Campbell, vice president of Van, said. "More than 80% of funds produced positive returns and beat the S&P 500."
According to Campbell, particularly noteworthy was the resurgence in convertible arbitrage. He also said that many in the industry anticipated that returns in this strategy would not rebound until the third quarter due to pricing pressures stemming from quarter-end redemption.