June Batters Most Hedge Fund Strategies

Jul 9 2013 | 12:25pm ET

Hedge funds fell across the board last month, data from Hedge Fund Research shows.

The HFRX Global Hedge Fund Index fell 1.33% in June, leaving it up 3.16% on the year. In addition, all but one of the 16 strategies and substrategies tracked by the suite tumbled on the month, as well.

Fundamental growth funds were hardest hit, dropping 4.72% in June (down 2.05% year-to-date). Equity hedge funds fell 1.89% (up 4.59% YTD), multi-strategy relative-value funds 1.7% (up 0.37% YTD), relative-value arbitrage funds 1.46% (up 1.41% YTD), distressed restructuring funds 1.3% (up 2.53% YTD) and event-driven funds 1.14% (up 7.37% YTD).

Special situations fell 0.97% in June (up 9.5% YTD), systematic diversified commodity-trading advisers 0.9% (down 2.57% YTD), emerging markets 0.82% (up 2.38% YTD), credit 0.74% (up 4.57% YTD), macro and CTAs 0.66% (down 1.07% YTD), equity-market neutral 0.63% (up 0.6% YTD), fundamental value 0.57% (up 8.68% YTD), convertible arbitrage 0.46% (up 8.42% YTD) and merger arbitrage 0.21% (up 1.79% YTD).

Only master-limited partnerships gained ground last month, adding 2.46% (18.72% YTD).

In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...


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

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...


FINalternatives Trending

From the current issue of