Tue, May 3, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Eurozone worries drag down hedge funds in June

Wednesday, July 06, 2011

Oliver Schupp
Opalesque Industry Update - A second month of negative hedge fund performance is being partially attributed to the anxiety over European sovereign debt worries. The Dow Jones Credit Suisse Core Hedge Fund Index in June fell -1.95 and Oliver Schupp, President of Credit Suisse Index Co says "Headlines over Eurozone debt concerns dominated markets and set the tone or a second consecutive negative month of hedge fund performance in June."

The uncertainty in the global markets has not allowed for the formation of any significant trends, which hurt many managers, and Global Macro especially, which fell -3.12% during June. Schupp attributes the only positive performance (by fixed income arbitrage managers) to increased interest rate volatility and widening swap spreads. Fixed income stands at +2.38% YTD at the 2011 halfway mark.

YTD the Dow Jones Credit Suisse indices reveal that almost all strategies are reporting rin with overall losses. Hardest hit is managed futures, followed by global macro. Strategies still in positive territory include convertible arbitrage, fixed income arb, and emerging markets with an impressive +2.38%.

Full performance tables available: Source

Kirsten Bischoff

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Hedge funds see $14.3bn outflows in Q1, CTAs and multi-strategy lead net inflows[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry saw net outflows of investor capital in the first quarter of the year, totaling $14.3bn, data from Preqin showed. This continues from the $8.9bn overall net outflows that funds recorded in Q4

  2. Third Point calls Q1 "catastrophic" for hedge funds[more]

    Bailey McCann, Opalesque New York: The first quarter of this year was rocky for hedge funds based on aggregate performance from the industry, but now we are beginning to hear what the managers thought of it as quarterly letters make their way to investors. Dan Loeb, CEO of New York-based $17 bill

  3. Asia - Stabilization of China's capital outflows may hinge on Janet Yellen, Fink says China to do well this year as bubble threat postponed, Chinese hedge fund to invest in India’s infrastructure[more]

    Stabilization of China's capital outflows may hinge on Janet Yellen From Bloomberg.com: Whether China’s recent stabilization of its currency and capital outflows continues -- or downside pressure reignites -- may hinge in large part on Janet Yellen. If the Federal Reserve chair sticks to

  4. …And Finally - After all, judges are human too[more]

    From Newsoftheweird.com: In March, one District of Columbia government administrative law judge was charged with misdemeanor assault on another. Judge Sharon Goodie said she wanted to give Judge Joan Davenport some files, but Davenport, in her office, would not answer the door. Goodie said once the

  5. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n