Hedge Funds Fall 1.15% In June

Jul 5 2013 | 9:42am ET

For the first time in what seems like ages, the average hedge fund outperformed the broader markets last month.

Unfortunately, it was still a losing month, with the Greenwich Global Hedge Fund Index falling 1.15%, based on preliminary estimates. The Standard & Poor's 500 Index fell 1.34% in June.

On the year, the Greenwich index is up 3.54%.

June's losses were widely spread, with only two of Greenwich Alternative Investments' strategy indices in the black: Event-driven funds added 0.58% last month (7.74% year-to-date) and equity market-neutral 0.03% (1.89% YTD). Long/short credit funds took the biggest hit, dropping 2.65% (up 0.79% YTD), followed by multi-strategy funds (down 2.09% in June, up 1.6% YTD), long/short equity funds (down 1.57%, up 5.44% YTD) and futures funds (down 1.06%, down 1.35% YTD).

Arbitrage funds lost an average of 0.3% in June (up 3.86% YTD) and macro funds 0.17% (up 3.43% YTD).


In Depth

Virtu Celebrates Another Year Without a Single Day of Losses

Feb 26 2015 | 9:05am ET

High-frequency trading firm Virtu Financial Inc. reported another year without a...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk: How To Get In Front Of The Problem

Feb 26 2015 | 9:53am ET

In considering the topic of risk in the hedge fund world, specifically, the oversight...

 

Editor's Note