Saturday, 31 January 2015
Last updated 17 hours ago
Jul 11 2011 | 3:58pm ET
Hedge funds suffered a down June across the board, with the notable exception of short-biased funds, according to new data from Greenwich Alternative Investments.
The average hedge fund fell 1.3% last month, the Greenwich Global Hedge Fund Index shows. That benchmark is now up just 0.4% on the year, compared to about 6% for the Standard & Poor's 500 Index.
Just two of the 31 strategies and substrategies tracked by Greenwich AI managed positive returns in June, and one of those just barely. Fixed-income arbitrage funds edged up 0.1% on the month (4.1% year-to-date). But short-biased funds boomed as stocks tanked, adding 3.7% to erase the losses they suffered during the first four months of the year to end the first half up 0.1%.
On the other end of the June spectrum sit futures funds, which lost 2.4% (down 3.2% YTD). Special situations (down 2.1% in June, up 1.4% YTD), multi-strategy (down 1.7%, down 0.3% YTD), growth (down 1.5%, up 1.2% YTD), emerging markets (down 1.4%, down 1% YTD), event-driven (down 1.2%, up 2.4% YTD), other arbitrage (down 1.2%, down 2.1% YTD), long/short equity (down 1.1%, up 1.1% YTD) and macro (down 1.1%, down 1.3% YTD) funds all suffered on the month, as well.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…