Fri, Jul 25, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Greenwich Global Hedge Fund Index down -1.45% (final) in June, 3.2% YTD

Monday, July 15, 2013
Opalesque Industry Update - Hedge funds faced a tough environment in June 2013, losing an average of -1.45% during the month. This was the first negative month for the Greenwich Global Hedge Fund Index since October 2012. Distressed Securities continued its run as the best performing hedge fund strategy this year, gaining +0.51% in June on average and up +11.29% YTD. Equity markets were also down during during the month, as the S&P 500 Total Return Index dropped -1.34% while the MSCI World Index declined -2.61%. 31% of reporting funds posted positive performance for the month.

Global Index Strategy Highlights

• US and global equity markets declined throughout the month of June as market participants anticipated the beginning of Fed tapering activities. Tighter monetary policies also appeared to be on the horizon in China, and expectations of slower Chinese growth dragged markets down further. Long-Short Equity funds struggled to hold onto gains in this environment and lost an average of -2.04% in June.
• Market Neutral strategies generally reported the most success in hedging against June’s downbeat markets, losing only -0.26% during the month on average. In addition to Distressed Securities strategies, Equity Market Neutral managers also shined during the month, gaining an average of +0.36%.

• Distressed Securities maintained their lead as the best performing hedge fund strategy for 2013, rising +0.51% in June to end the month up +11.29% year to date.

• Geographically, no region was immune from June’s selloff. North American focused funds fared the best, losing a modest -0.51% on average. Developed Markets funds in general saw more moderate declines than Emerging Markets funds, declining -1.11% and -4.67% respectively.

• Emerging Markets funds faced significant challenges in June. The negative environment in China translated to an average drop of -5.80% for funds focused on Emerging Asia. In Brazil, widespread protests added to political uncertainty and rattled markets. Latin American funds lost an average of -6.69%, with losses concentrated in Brazilian focused funds.

Press release

www.greenwichai.com

Bg

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. Events – AIMA Australian Hedge Fund Forum, Sept. 16, Sydney[more]

    AIMA Australia invite you to join us at our annual Hedge Fund Forum on Tuesday 16th September 2014 at the Sofitel Sydney Wentworth. The AIMA Australian Hedge Fund Forum is a non-profit hedge fund conference organised by the industry for the industry, featuring quality Australian and internation

  2. Opalesque Roundtable: Success in hedge fund marketing not linked to performance, but investor appetite[more]

    Komfie Manalo, Opalesque Asia: Success in marketing a fund is not linked to the performance, but to investor appetite, to the way you can market the fund, and to how much time you can spend to raise assets, said Antoine Rolland, the CEO of incubator and seeding firm

  3. Opalesque Exclusive: Loeb, Grantham cite growing economic concerns in letters[more]

    Bailey McCann, Opalesque New York: Hedge fund manager Daniel Loeb, head of Third Point, and Jeremy Grantham of Grantham, Mayo, Van Otterloo & Co. have both released their quarterly investor letters today. While news is positive on some fronts, and both men see pockets of opportunity, they also h

  4. Investing – Hedge funds expect Netflix earnings to catapult forward, Third Point's Loeb takes stakes in Fibra Uno, YPF, Royal DSM, Lake Capital in talks to back Engine Group[more]

    Hedge funds expect Netflix earnings to catapult forward From Investing.com: Netflix has made major strides forward in 2014 despite ongoing battles with the FCC and cable companies over the issue of net neutrality. The FCC has now received over 500,000 comments from the public on its pend

  5. Opalesque Roundtable: European family offices struggle to retain their investments in offshore hedge funds[more]

    Komfie Manalo, Opalesque Asia: The European Union’s Alternative Investment Fund Managers Directive (AIFMD) will constrain investment opportunities amidst concern a number of U.S. fund managers will stop marketing their products in the European Union under the new rule, said Valentin Bohländer fro