Hedge Fund managers have been in a good mood lately as world markets seem to head upwards, shaking off the unpleasant memories that hopefully is all that is left of 2008,one of the worst years in financial history.
The month of July alone saw the Eurekahedge Hedge Fund Index climb an additional 2.1 percent, adding another month to the five month growth streak of 2009.
To date the Index has improved an impressive 12 percent, with hopes for the rest of the year high.
Another index, the MSCI World Index soared 8.4 percent just in July bringing its year-to-date upward climb to 14%.
This extraordinary improvement relied mostly on the success of the fund managers of the Asian and emerging markets sectors.
“The month’s returns were achieved on the back of strong rallies across underlying equity markets despite a rough start to the month,” Eurekahedge wrote in its report.
This is good news to the hears of fund managers all over the world such as John Paulson, Eric Sprott of Sprott Hedge Fund
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