Edhec Indices Drop In June

Jul 20 2010 | 12:10pm ET

School’s out for summer, but the French business school Edhec says it went out with a whimper, at least for hedge funds.

All but five of Edhec’s 12 hedge fund strategy indices took a dive last month. Long/short equity funds, in particular, wilted in the summer heat, dropping 1.69% (down 1.8% year-to-date), followed closely by event-driven funds, which dropped 1.29% (up 2% YTD).

Distressed securities funds shed 1.01% (down 4.5% YTD), equity market-neutral funds 0.47% (up 0.7% YTD), emerging markets funds 0.4% (down 0.8% YTD), global macro funds 0.27% (up 0.5% YTD) and relative value funds 0.26% (up 2% YTD). Funds of hedge funds dropped 0.82% and are down 1.3% through the first half.

The leaner bright side featured short-selling funds, which soared 4.05% last month (down 0.5% YTD), fixed-income arbitrage funds, which gained 0.9% (4.4% YTD), merger arbitrage funds, which added 0.37% (1.7% YTD), convertible arbitrage funds, which rose 0.29% (3% YTD) and CTA global funds, which edged up 0.2% (down 0.5% YTD).


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note