Wed, Apr 1, 2015
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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. Other Voices: The role of diversification in CTA portfolios[more]

    2014 brought a resurgence of managed futures strategies, or CTAs, which performed very well as a whole, outperforming all other hedge fund strategies. However, a closer look reveals that there was a wide range of performance, or return dispersion, across managers. The bottom line? Not all CTAs

  4. Neuberger Berman unit buys 20% stake in activist hedge fund Jana Partners for $2bn[more]

    Komfie Manalo, Opalesque Asia: Neuberger Berman’s unit Dyal Capital Partners bought a 20% stake in activist hedge fund firm Jana Partners worth $2bn, WSJ.com reports. The deal comes as activi

  5. Hedge fund launches fall again, $1bn funds found to outperform even smaller hedge funds[more]

    Komfie Manalo, Opalesque Asia: The number of new hedge fund launches fell again in 2014, the third consecutive year of decline, while fund liquidations saw their first drop since 2010, according to the latest HFR Market Microstructure Industry Report released by industry data provider HFR. Acc

 

banner