Hedge Funds End 7-Month Winning Streak In June

Jul 16 2013 | 9:19am ET

Hedge funds saw their seven-month winning streak end in June, as they lost 0.69%, according to the latest data from Eurekahedge.

Arbitrage funds were down 0.69% in June, relative value funds down 1.04%, long/short equities funds down 1.57% and event-driven funds down 1.38%. Fixed income strategies had their first negative month of the year, shedding 1.45% in June while distressed debt funds slipped 0.39%, ending 11 months of gains.

CTA/managed futures strategies fell 1.12% in June and are now down 1.30% year-to-date—the only strategy in negative territory on a YTD basis. Multi-strategy funds fell 2.12%, their first negative month since May 2012.

In regional terms, Asia ex-Japan funds posted the largest declines, shedding 4.59% in June. North American funds were down 0.21% and European funds down 1.13%. Japan funds were up 0.03%, bringing their YTD returns to 17.25%.
 
Assets under management in the hedge fund industry declined by $21 billion in June to $1.89 trillion 
 


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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