In June, only 43% of Active funds globally outperformed benchmark with a median relative return of -0.19%. Hedge funds had a mediocre first half performance, with some big names seeing only single-digit gains. Tech-focused equity hedge funds Whale Rock and Light Street stood out by soaring in the first half, outpacing markets and some larger rivals. Light Street and Whale Rock are leading single manager YTD returns at +55% and +32%, respectively. Bloomberg reported that Whale Rock and Light Street are the top-performing hedge funds that outperformed the market and their larger rivals in the first half of the year.