Thu, Apr 26, 2018
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. Investing - Sequoia takes Facebook stake as shares slide in data controversy, $1.4b hedge fund sees intact fundamentals for Facebook, Jim Cramer reveals some 'suggested hedge fund trades' amid the Trump tariffs[more]

    Sequoia takes Facebook stake as shares slide in data controversy From Bloomberg.com: The $4.2 billion Sequoia Fund bought a small position in Facebook Inc. as the stock slid late in the first quarter, investment manager Ruane, Cunniff & Goldfarb told clients. "The recent controversy enab

  2. Activist Investors - Blue Sky-owned Wild Breads faces uncertain future[more]

    From AFR.com: A Blue Sky private equity investment in artisan-style baker Wild Breads enjoyed multiple valuation upgrades despite losing millions and breaching its lending covenants, accounts lodged with the regulator last week show. Wild Breads lost $2.4 million in 2017, but Blue Sky ascribed a hig

  3. Opalesque Exclusive: Barnegat to close hedge fund to outside investors on weak opportunities[more]

    Komfie Manalo, Opalesque Asia: Bob Treue's Barnegat Fund Management said it is closing its $666m fixed income relative value hedge fund to outside investors. "The negative side to gains in Fixed Income Arbitrage is that unless we find new opportunit

  4. Investing - Hedge fund makes a big bet on malls, British hedge fund manager Odey short UK government bonds on QE bet[more]

    Hedge fund makes a big bet on malls From Barrons.com: The dominant narrative on American shopping malls is that they're dead. Crushed by Amazon.com, many brick-and-mortar retail stores are destined for bankruptcy. And where is the most retail, clustered all together? Malls. From a

  5. Performance - Hedge funds suffer first back-to-back loss in two years, Netflix performance burns hedge fund short sellers, Macro hedge fund up 14.5% in first quarter sees dollar falling, Renaissance Technologies rebounds across hedge funds in March[more]

    Hedge funds suffer first back-to-back loss in two years From Bloomberg.com: Hedge Fund returns sank for a second straight month in March, the first back-to-back loss since the first two months of 2016, as trade wars, tech-sector woes and a Fed rate hike dragged down the S&P 500 from its