- Top multi-strategy hedge funds trailed the stock market in July.
- Citadel led the pack, gaining 1.3% last month and pushing its 2023 tally to 8.6%.
- Verition bested most of its peers, gaining 1.2% in July. It’s up 4.1% for the year.
The doldrums of summer are approaching, but the stock market has continued its hot streak.
The S&P 500 gained another 3.1% in July, amid buoyant earnings and economic expectations and pushed its year-to-date return to nearly 20%.
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