Hedge funds focused on equities ended the first half of the year with strong double-digit returns, aided by their ability to navigate crowded trades and capitalize on sector-specific opportunities, according to a Goldman Sachs client note,as per a report by Reuters.
Stock-picking hedge funds generated a 4% return in June. Funds that rely on fundamental analysis to evaluate companies delivered an 18.4% gain during the second quarter, marking their strongest quarterly performance in Goldman's records. Their year-to-date return stood at 17.4%.
