Hedge Funds Post Best First Half in 5 Years as Tech and Chip Bets Rebound
Updated
Updated · Bloomberg · Jul 7
Hedge Funds Post Best First Half in 5 Years as Tech and Chip Bets Rebound
3 articles · Updated · Bloomberg · Jul 7
Summary
Five years after their last comparable run, hedge funds delivered their strongest first-half performance since 2021, overcoming a brutal March selloff.
Tech-heavy positions drove much of the rebound as chip stocks logged their best quarter ever in recent weeks, lifting funds that stayed exposed to the sector.
Billions more came from index-rebalancing trades tied to benchmark changes, including SpaceX's fast-tracking onto Nasdaq and FTSE Russell indexes.
The results show how quickly large funds recovered from March's losses and how concentrated gains in technology and benchmark-driven trades powered the industry's turnaround.