Hedge Funds Average Small Loss in Second Quarter; Average U.S. Hedge Fund Well Ahead of Stock Market in 2002. Business Wire | July 15, 2002 | COPYRIGHT 2002 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) Copyright

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After posting gains for the prior two quarters, hedge fund returns fell slightly overall in the second quarter of 2002, according to Steven Lonsdorf, CEO of Van Hedge Fund Advisors International, a leading global hedge fund advisory firm. The Average U.S. Hedge Fund lost -1.4% net in the April through June period while the Average Offshore Hedge Fund slid -1.0% net. Despite the losses, hedge funds significantly outperformed stocks last quarter, with the S&P 500 dropping -13.4% and the Dow Jones Industrial Average falling -10.7%. For the first half of ...

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