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 
 


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

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

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of