MKP Up 1.8% In July

Aug 5 2011 | 12:08pm ET

MKP Capital Management bucked its peers in July, managing a return while most hedge funds staggered to another losing month.

MKP's Opportunity fund added 1.8% last month, Dow Jones Newswires reports. Global macro funds did outperform other hedge fund strategies in July, but MKP's outperformed even other global macro funds.

And that's certainly the case for the year-to-date, with the $1.4 billion fund up 4.62% through July. The average global macro fund is actually down 2011.

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    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…