UCITS-compliant hedge funds suffered a small loss in June, dumping them further into the red on the year.
The UCITS Alternative Index Global fell 0.23% last month and is down 0.33% on the year. All strategies tracked by the index—save one, fixed-income—were also down in June, and all but four and in the red for the first half.
Commodity trading advisors were hardest-hit in June, losing 1.69% (down 2.02% year-to-date). All other strategies suffered more modest losses, with commodities funds shedding 0.84% (down 2.65% YTD), foreign exchange down 0.69% (down 0.07% YTD), equity market-neutral down 0.51% (down 1.5% YTD) and event-driven down 0.47% (down 0.57% YTD). Some strategies were barely down at all: Multi-strategy funds lost just 0.07% on the month (up 0.46% YTD), emerging markets funds 0.06% (up 0.19% YTD), long/short equity funds 0.04% (down 0.61% YTD) and macro funds 0.02% (down 0.15% YTD).
Fixed-income funds were up 0.3% in June and are up 2% on the year.
UCITS funds of funds lost 0.77% last month and are down 2.39% on the year.