Saturday, 1 August 2015
Last updated 14 hours ago
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).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…