Hedge funds fell 0.2 percent in June as stocks slumped amid rising concern Greece would default on its debt and evidence the global economy was slowing.
The Bloomberg aggregate hedge-fund index declined to 125.92 from 126.20 in May, trimming this year's gain to 4.4 percent. Long-short equity funds, multistrategy funds and macro funds, which bet on global economic trends, declined.
Macro funds declined 0.5 percent in June and rose 1.2 percent in the year's first half. Long-short equity funds, whose managers can bet on rising and falling stocks, dropped 0.1 percent last month and gained 5.6 percent this year.
The main Bloomberg hedge-fund index is weighted by market capitalization and tracks 2,708 funds, 1,326 of which have reported returns for June.
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