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

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of