Thursday, 26 November 2015
Last updated 1 day ago
Jul 7 2011 | 10:33am ET
Hedge funds lost ground across the board in June, pushing the average hedge fund into the red for the year, according to the Credit Suisse Index Co.
The Dow Jones Credit Suisse Core Hedge Fund Index shed 1.95% last month, leaving the index down 1.1% on the year. June's difficulties followed a rough May, when the index fell 1.71%.
"Headlines over Eurozone debt concerns dominated markets and set the tone for a second consecutive negative month of hedge fund performance in June," Oliver Schupp, president of the Credit Suisse Index Co., said.
All but one of the seven strategies tracked by Credit Suisse and Dow Jones fell in June, with fixed-income arbitrage's 0.2% (2.38% year-to-date) return the only bright spot.
The other strategies were all red. Global macro suffered the ugliest month, losing 3.12% (down 4.04% YTD), followed closely by managed futures funds (down 2.92% in June, 4.44% YTD) and event-driven funds (down 2.69%, down 1.71% YTD).
Long/short equity funds lost an average of 1.66% (up 1.4% YTD), convertible arbitrage funds fell 1.45% (up 0.42% YTD) and emerging markets funds edged down 0.11% (up 2.38% YTD).
Oct 21 2015 | 10:41am ET
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…