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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…