Hedge funds have limited their exposure to healthcare equities, while opting for small-cap stocks in the last week, according to a report by Reuters, that cites a BofA Securities note about its clients flow trends.

Funds of hedge funds had a positive first half of the year, with the average fund returning 2.87% to the end of June, amid a broad resurgence for the asset class, according to the latest Fund of Hedge Fund Update