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).


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Editor's Note