Lipper Paints Grimmer Picture Of June Hedge Fund Returns

Jul 21 2009 | 7:03am ET

Just a handful of hedge fund strategies managed to make money last month, in one of the gloomier reports on industry performance in June.

While most hedge fund indices have shown hedge funds posting slightly positive, if broadly mixed, returns last month, Lipper said most strategies were in the red. Just four of the 13 strategies tracked by the data provider were in the black in June, and two of them only barely.

Convertible arbitrage funds were the best-performing strategy in June, rising 0.28%, according to Lipper. The strategy was also one of the best-performing in the second quarter, jumping 6.71%. Event-driven funds weren’t far behind, adding 0.23% in June and 6.11% on the quarter.

Two other strategies—fixed-income arbitrage and emerging markets—inched into the black in June. The former added 0.08%, while the latter managed a 0.003% return. Despite its miniscule rise last month, emerging markets had the second-best second quarter of any strategy, rising 11.25%, behind only long-only funds, which finished the year’s second three months up 17.86% after shedding 0.1% in June.

Managed futures funds and dedicated short-bias offerings were hardest-hit last month, falling 1.59% and 1.58%, respectively. No other strategy lost more than 1% in June.


In Depth

Q&A: Open Season For Closed-End Funds

Aug 29 2014 | 10:00am ET

When Maury Fertig and Bob Huffman, former Salomon Brothers coworkers, launched...

Lifestyle

Och Funds Women In Finance Initiative At U-M

Aug 28 2014 | 3:01pm ET

Och-Ziff Capital founder Daniel Och and his wife have made a "generous donation"...

Guest Contributor

Looking Ahead: What’s In Store For Managed Futures?

Aug 22 2014 | 12:52pm ET

The last five years were phenomenal for investors in equity indices. Will the next...

 

Editor's Note

    Get A Sneak Peak Of The Alpha Pages

    Aug 25 2014 | 11:21am ET

    As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…

 

Futures Magazine

July/August 2014 Cover

The time was right

Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.