Fri, Oct 24, 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   |   

Banner

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. Commodities - Oil wreaking havoc on small-cap energy stocks sliding 36%[more]

    From Bloomberg.com: Owning almost anything in the U.S. stock market has been a losing proposition since September. Owning smaller energy companies has been a catastrophe. Hercules Offshore Inc. and Resolute Energy Corp. are among 19 oil-and-gas equities in the Russell 2000 Index that lost more than

  2. Investing - Hedge funds favor equity long/short, Strategic bond managers hedge against further high yield sell-off[more]

    Hedge funds favor equity long/short From Securitieslendingtimes.com: Equity long/short strategies will generate good returns for hedge funds in the future, according to a panel at this year’s Risk Management Association Conference on Securities Lending in Naples, Florida. Panellists Sand

  3. Legal - Ex-hedge fund analyst weeps as judge hands down 5 year sentence, Former Columbus investment manager Steven P. Moore indicted on theft charges, SEBI confirms ban for Hong Kong hedge fund, SEC announces enforcement action against compliance officer[more]

    Ex-hedge fund analyst weeps as judge hands down 5 year sentence From Hereisthecity.com: An ex-hedge fund analyst was sentenced to 5 years in prison for his role in insider-trading scheme. The New York Post reports that former hedge fund analyst Matthew Teeple was sentenced Thursday to fiv

  4. Goldman in talks to acquire IndexIQ[more]

    From Bloomberg.com: Can Goldman Sachs put ETF investors on a liquid diet? Goldman is in talks to acquire IndexIQ, Reuters has reported. Index IQ is a small exchange-traded-fund firm known mostly for products that replicate hedge fund strategies, called "liquid alternative" ETFs. While IndexIQ has 11

  5. Other Voices: CALPERS dilemma should be a warning to hedge funds wanting institutional investors[more]

    From Ian Hamilton, founder of IDS Group. A quick comment on the CALPERS’ disinvestment from the hedge fund market and the jitters it is causing. Pension Funds should not be sheep and follow CALPERS’ decision as the issues that CALPERS has with hedge fund investments are in many ways unique t