Hedge Funds Fall Almost 2% In June

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).

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    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…