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.


In Depth

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedging Against Reputational Risk in the 21st Century

Feb 12 2016 | 7:18pm ET

For investors, the first step in researching a new fund or manager is to google...