Hennessee Hedge Fund Advisory Group, a hedge fund investment consulting firm, announced earlier this month that hedge funds posted a 1.5% return in June, placing its year-to-date return at 8.98%.

The data also indicated that broader market indices were also recovering in June, with the S&P 500 index gaining 1.3% in the month and 11.8% year-to-date. The Dow Jones Industrial Average increased 1.5% in June and 7.7% for the year, while the Nasdaq was up 1.7% in the month and 21.5% year-to-date.

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