Hedge Funds Trailed Stocks Last Month With 0.2% Advance
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Hedge funds including MKP Capital Management LLC posted gains last month as global stocks rallied after European Central Bank President Mario Draghi pledged to defend the euro.
Funds climbed 0.2 percent in July, according to data compiled by Bloomberg. Global macro funds advanced while long-short equity and multistrategy managers declined. John Paulson, the billionaire coming off record losses in 2011, posted declines in his Advantage funds.