Hedge Funds Inch Up 0.05% In June

Jul 10 2012 | 9:37am ET

Hedge funds eked out a 0.05% gain for the month of June to end the first half up 1.7%, according to the HFRI Fund Weighted Composite Index.

The best performers included an equity hedge strategy—quantitative directional funds, up 1.81% for the month (and 4.64% year to date); and two relative value strategies—yield alternatives funds, up 1.50% for the month (2.46% YTD), and fixed income-asset backed funds, up 1.12% for the month (7.24% YTD).

The worst-performing strategies in June were equity hedge short bias, down 3.03% for the month (and 8.29% YTD); and macro systematic diversified funds, down 2.99% for the month (and 0.59% YTD).

All the emerging markets strategies followed by HFR ended June in the black, with an overall gain of 0.58%. Russia/Eastern Europe funds generated the best monthly returns at 1.56% (but are down 2.35% YTD).

Funds of funds lost ground in June, ending the month down 0.50% (although they are up 0.99% YTD).

 


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