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Article: Hedge Funds Edge Out S&P 500; Average Hedge Fund Beating All Major Indices Through July.
- Article from:
- Business Wire
- Article date:
- August 15, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NASHVILLE, Tenn.--(BUSINESS WIRE)--Aug. 15, 2001
The Average U.S. Hedge Fund fell -0.6% net in July and the Average Offshore Hedge Fund fell -1.1% net, according to Steven A. Lonsdorf, CEO of Van Hedge Fund Advisors International, Inc. ("VAN"), a global hedge fund advisory firm. However, while both indices posted slight losses, they still outperformed most of the major indices. The Dow was able to squeak out a slight gain of 0.3%, but the S&P 500, Russell 2000 and NASDAQ dropped -1.0%, -5.3% and -6.2%, respectively. Actively managed funds also continued to slide, with the Average Equity Mutual Fund falling -2.9% in July. On a ...