Activist Hedge Funds Add 3.51% In June

Jul 9 2014 | 10:45am ET

Hedge funds gained 1.14% in June 2014, led by event-driven activist funds which added 3.51% on the month and are up 6.70% for the first half, reports eVestment.

All but one strategy tracked by the data provider ended the month of June in positive territory. The only red ink was generated by market neutral equity funds, down 0.05% on the month (but up 1.64% in H1).

Event-driven funds added 1.78% in June (5.89% YTD); multi-strategy funds added 1.44% (3.05% YTD); long/short equity added 1.24% (3.05% YTD); distressed funds added 1.07% (5.83% YTD);  managed futures 0.95% (1.35% YTD); directional credit 0.65% (4.48% YTD); convertible arbitrage 0.59% (4.12% YTD); macro 0.58% (0.93% YTD); and relative-value credit 0.44% (4.14% YTD).

In regional terms, Russia-focused funds were up 7.71% in June (but down 0.43% YTD); Emerging Europe funds up 5.90% in June (down 0.43% YTD); India funds 4.16% (28.61% YTD); Japan 3.05% (down 1.45% YTD); Brazil 2.81% (2.67% YTD); China 1.46% (down 3.87% YTD); and Africa/Middle East down 2.23% in June (up 4.82% YTD).


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 Capital: 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