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Alternative Market Briefing

Macro strategies lead hedge fund decline in June

Thursday, July 16, 2015

Komfie Manalo, Opalesque Asia:

Macro strategies led the decline in hedge fund performance in June 2015, says BarclayHedge, a data provider, as the Global Macro Index dropped 2.24% that month (+1.13% YTD).

The Barclay Hedge Fund Index lost 0.91%, but is up +3.52% YTD, outperforming the S&P 500 Index which has gained 1.23% so far this year. Fourteen of Barclay’s 18 hedge fund indices had losses in June, but most are up YTD. The best performing index is the Healthcare & Biotechnology index, up 0.46% in June and up 12.6% YTD.

"Grexit fears and China’s stock market in free fall took a toll on risk assets in June" says Sol Waksman, founder and president of BarclayHedge.

He added, "Macro funds were hit with losses on several fronts. Price declines in equity indices, emerging markets, high yield credits, and the US Dollar made for a challenging month."

Yesterday, Credit Suisse reported the Credit Suisse Hedge Fund Index had finished down 1.31% for the month of June (1.99% YTD). The Credit Suisse Global Macro index was down 1.76%, up 2.59% YTD. The other two indices that lost more than Global Macro were the Emerging Markets index (-2.25%, +2.8% YTD) and the Managed Futures index (-5.8%, -4% YTD).

All Credit Suisse indices were ......................

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