Hedge funds have maintained positive momentum through the first half of July as global financial markets post broad gains across geographies and sectors despite subdued volatility, according to an interim update from Hedge Fund Research. The company’s widely followed HFRX Global Hedge Fund Index is up 1.12% for the month through July 17, while its HFRX Market Directional Index and HFRX Equal Weighted Strategies indexes rose 1.12% and 0.50%, respectively.  Established in 1992, HFR is a global leader in specializing in the indexation and analysis of hedge funds. The company produces the HFRI, HFRX and HFRU Indices, industry benchmarks for...