Rare Down June Report From HFRX Indices

Jul 18 2007 | 9:10am ET

June had seen nothing but good news for hedge fund indices. Until now. At least according to one data provider. 

Hedge Fund Research’s HFRX Global Hedge Fund Index declined, slightly, during a month that hedge fund indices have been more or less unanimous: While the Standard & Poor’s 500—and the equity markets it covers—fell during the month, hedge funds produced positive returns. The HFRX index fell 0.07% on the month and is up only 6.39% year-to-date. The S&P500, by contrast, dropped more than 1% last month, but is still up 6.96% on the year.

Three of the HFRX strategy indices joined the main index in the red last month. Event-driven funds fell 0.94% (up 9.05% YTD), equity hedge lost 0.42% (up 7.17% YTD) and relative value arbitrage shed 0.15% (up 4.63% YTD).

On the brighter side, the HFRX Volatility and Diversity indices had strong months, with the latter up 1.35% on the month and 10.39% year-to-date, and the former adding 1.21%, though it remains down 1.2% on the year.


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

How To Generate 6% Yield In A Volatile World

May 22 2015 | 6:41am ET

Private credit comes in many different flavors, all with the common themes of over...

 

Sponsored Content

Editor's Note