Hedge Funds troubled by European Sovereign Crisis & Regulations
|July 5th, 2011||
|Sovereign crises in Europe have made the going tough for hedge funds that invest in Euro-zone countries. For example, the New York Times reports that Algebris Investments, a London-based hedge fund, was down 7% through the first six months of 2011 from exposure to European financial stocks that lost ground due to the Greek debt crisis.|
The best performing fund, Jat Capital, which was up 19%, stayed away from financials and focused instead on technology and Internet stocks that delivered solid returns.
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