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Bailey McCann, Opalesque New York:

Hathersage Capital Management LLC, a Connecticut-based absolute return currency specialist, is among the top performing funds on the Deutsche Bank dbSelect platform for June. The performance is notable as many hedge funds saw rocky June performance as markets got wobbly for alternative managers.

Hathersage LTG which came in third, posting returns of +4.97% for June and +45.32% YTD.

Hathersage DG came in fifth posting +3.79% returns for the month of June, and +10.24% YTD.

Other top performers through June on the platform include TMS Capital, Hong Capital Management, and Quaesta Capital.

June data comes as July finishes, and looks like a mixed bag for alternatives - specifically FX. Trades in NZD and CAD have been very active over the past month. Going into August, FX players can expect to see a rash of new data for the first week of the month including USD and GBP Manufacturing PMI, and AUD retail sales on Monday.

Market liquidy also remains thin indicating that price moves can happen quickly on very limited information.

EUR/USD trading was particularly volitile on Friday, moving from lows of 1.0921 to highs of 1.1114 by the end of the trading day, according to IFR. That overreaction could also continue into the next week if the latest data proves to be weak.

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