Newedge: Hedge Funds Flat In June

Jul 13 2010 | 11:09am ET

Hedge funds were flat in June—finishing off a lackluster second quarter.

All of Newedge’s benchmarks were in the red last month, including its commodity trading advisors index, which dropped 19 basis points in June, although it managed to remain in positive territory on the year at 1.75%. Even the best-performing strategy tracked by Newedge was down in June, if only marginally: the Alternative Edge Short-Term Traders Index dipped 0.05% on the month (up 0.83% year-to-date).

The Commodity Trading Index (Equity) dropped 1.43% (down 2.65% YTD) and the Volatility Trading Index fell 1.06% (down 6.77% YTD). Newedge’s Commodity Trading Index lost 0.67% (down 3.64% YTD), its Commodity Trading Index (Trading) lost 0.5% (down 3.88% YTD) and its Macro Trading Index (Quantitative) lost 0.25% (up 2.45% YTD).

Both the Macro Trading Index and Macro Trading Index (Discretionary) lost 0.24% on the month, with the former up 1.43% through the first half and the latter 0.96%.


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