Hedge Funds Fall 1.6% In June

Jul 9 2013 | 11:05am ET

June was a tough month for hedge funds, according to Lyxor Asset Management.

The Lyxor Hedge Fund Index—and all of its strategy sub-indices—ended last month in the red. The overall benchmark dropped 1.63% on the month, cutting its 2013 gain to just 1.85%.

"The final month of the quarter has seen all strategies giving back performances, but this situation is unlikely to last, according to the managers we spoke to," Lyxor's Stefan Keller said. "From a top-down perspective, new opportunities and more mispricing have resulted from the current conditions, while bottom-up stock-pickers get ready to pick up the pieces during the upcoming Q2 earnings season."

Long-term commodity-trading advisers were the worst performers in June, dropped 2.64%. Equity market-neutral funds fell 2.45% and credit arbitrage funds 2.4%.

Special situations funds shed an average of 2.3%, short-term CTAs 2.1%, global macro 1.9%, distressed 1.8%, long bias 1.7%, variable bias 0.4% and merger arbitrage 0.1%.


In Depth

Change In 'Accredited Investor' Definition Could Hurt Crowdfunding Space

Jul 25 2014 | 8:14am ET

The Securities and Exchange Commission is considering changes to its 30-year-old...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

The Truth About Track Record Portability

Jul 24 2014 | 5:55am ET

The number of private funds converting to mutual funds has increased significantly...

 

Sponsored Content

    Northern Trust Helps Hedge Funds Navigate Derivatives Regulations

    Jul 8 2014 | 10:48am ET

    The surge in derivatives regulation is among the most complex challenges facing the financial services industry today. Northern Trust’s Joshua Satten recently spoke with FINalternatives to share insights into the challenges presented by new regulation and explore how the industry is responding. Read more…

Publisher's Note