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

The Importance of Stability in the Evolving Hedge Fund Administration Market

Oct 5 2015 | 8:17pm ET

Hedge fund administration has evolved from simple record keeping to an integral,...


Citadel Supports Manhattan Real Estate With Record Deal

Sep 16 2015 | 3:04pm ET

Never count hedge funds out of a big property deal. The Manhattan real estate market...

Guest Contributor

Hedge Fund Marketing To Independent RIA Firms

Sep 30 2015 | 1:56pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth Inc. explains...


Editor's Note

Upcoming Events