Sat, May 30, 2015
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. Opalesque Exclusive: New TMT hedge fund adopts the long-term approach[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Adam Parker founded Center Lake Capital LLC in New York in November 2014. Before that, he was portfolio manager at Point State Capital (the successor fund to Dr

  2. Regulatory - Hedge funds face tax as Iceland poised to end capital controls, Comment: Why alternatives need more transparency, not enforcement[more]

    Hedge funds face tax as Iceland poised to end capital controls From Bloomberg.com: Hedge funds and other investors who bought claims against Iceland’s failed banks face a tax that targets the lenders’ estates as the government prepares to unveil its plan for exiting capital controls in t

  3. Investing - Nelson Peltz’s Trian Fund Management reduces position in Legg Mason, Biotech investors up big amid bubble talk, Hedge funds increase exposure in healthcare[more]

    Nelson Peltz’s Trian Fund Management reduces position in Legg Mason From Octafinance.com: Trian Fund Management has filled a SC 13D/A form regarding Legg Mason, Inc. Per Nelson Peltz’s Trian Fund Management’s filing, the filler reported decreased stake in the company by -11.05% to 11,03

  4. All hedge fund strategies rebounded last week as market conditions normalize[more]

    Komfie Manalo, Opalesque Asia: After a difficult start this month, all hedge fund strategies ended last week in positive territory, as the Lyxor Hedge Fund Index gained 0.9% (-0.2% MTD, 3.3% YTD). According to Lyxor AM’s latest Weekly Briefing, in t

  5. Billionaire hedge fund investor Odey says April 'bloody', has cut risk[more]

    From Reuters/Yahoo.com: Billionaire hedge fund manager Crispin Odey has cut risk and leverage following a stunning 19.3 percent loss in his 3.1 billion euros (2 billion pounds) Odey European Inc fund in April, a letter to investors seen by Reuters showed. Describing the month as "bloody", Odey

 

banner