Dow Jones: All Hedge Fund Strats Up In June

Jul 16 2009 | 9:06am ET

It may not have been May, which most hedge fund indices say was the best month for the industry in nearly a decade, but hedge funds enjoyed broadly positive returns last month.

The four strategy benchmarks still calculated by the Dow Jones Hedge Fund Indices—two remain suspended—all finished the month in the black, although one, equity-market neutral, did so just barely at 0.06% and remains in the red year-to-date with a decline of 3.38%. It is also the only strategy to post a losing second quarter.

The rest of the remaining DJ indices enjoyed a somewhat more robust June. Event-driven funds added 1.81% (6.25% year-to-date), which merger arbitrage funds rose 1.22% (4.51% YTD). Equity long/short funds returned 0.98% on the month (0.83% YTD).

DJ’s convertible arbitrage and distressed securities indices, which it stopped calculating in January and May, respectively, remain suspended.


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