Fri, Mar 29, 2024
A A A
Welcome Guest
Free Trial RSS pod
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds gain in June despite volatility spiking

Wednesday, July 06, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds dispelled investors’ woes amidst the Brexit referendum and posted positive returns for June as the HFRX Market Directional Index gained +2.16% (+2.01% YTD), the HFRX Equal Weighted Strategies posted a gain of +0.31% (+0.24% YTD) and the HFRX Global Hedge Fund Index gained +0.20% for the month (-0.83% YTD).

The average hedge fund posted positive gains as the global financial market volatility spiked last month as the UK voted to leave the European Union, resulting in steep losses for the British pound sterling and many European equities, while bond yields plunged further into negative territory and gold surged, data provider Hedge Fund Research said.

HFR said in its monthly report, "Global equity markets ended June with mixed performance following steep declines across all markets intra-month on the Brexit vote; equities in the U.S., China and Great Britain recovered intra-month losses, while equities in Spain, Italy, France, Germany and Japan posted sharp declines for the month. The British pound sterling plunged to a 30 year low on the Brexit vote, as the U.S. dollar and Japanese yen surged on investor risk aversion, with the Euro also posting declines."

The report added that the global government bond yields also posted steep declines on investor risk aversion, with U.S. yields falling to historic lows while yields in Germany and Switz......................

To view our full article Click here

Previous Opalesque Exclusives                                  
Previous Other Voices                                               
Access Alternative Market Briefing

 



  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. KKR raises $6.4bn for the largest pan-Asia infrastructure fund[more]

    Laxman Pai, Opalesque Asia: The New York-based global investment firm KKR has raised a record $6.4bn for its second Asia-focused infrastructure fund, underlining investors' continued appetite for private markets. According to a media release from the alternative assets manager, the figure top

  2. Bucking the trend, top hedge fund makes plans for a second SPAC[more]

    From Institutional Investor: SPACs aren't dead. At least not to the folks at Cormorant Asset Management. The life sciences firm, whose hedge fund topped its peers in 2023, is confident it will match the success of its first blank-check company. Last week, the life sciences and biopharma speciali

  3. Benefit Street Partners closes fifth fund on $4.7 billion[more]

    Bailey McCann, Opalesque New York: Benefit Street Partners has closed its fifth flagship direct lending vehicle, BSP Debt Fund V, with $4.7 billion of investable capital across the strategy. Benefit Street invests primarily in privately originated, floating rate, senior secured loans. The fun

  4. 4 hedge fund themes that are working in 2024[more]

    From The Street: A poor earnings report from Tesla (TSLA) has not hurt the indexes on Thursday. The decline in Tesla stock, which is losing its position in the Magnificent Seven pantheon, is more than offset by strong earnings from IBM (IBM) and ServiceNow (NOW) . In addition, the much higher-t

  5. Opalesque Exclusive: A global macro fund eyes opportunities in bonds[more]

    Bailey McCann, Opalesque New York for New Managers: Munich-based ThirdYear Capital rebounded in 2023, following a tough year for global macro. The firm's flagship ART Global Macro strategy finished the year up 1