Fri, Jun 5, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds gain in June despite volatility spiking

Wednesday, July 06, 2016

Komfie Manalo, Opalesque Asia:

Hedge funds dispelled investors’ woes amidst the Brexit referendum and posted positive returns for June as the HFRX Market Directional Index gained +2.16% (+2.01% YTD), the HFRX Equal Weighted Strategies posted a gain of +0.31% (+0.24% YTD) and the HFRX Global Hedge Fund Index gained +0.20% for the month (-0.83% YTD).

The average hedge fund posted positive gains as the global financial market volatility spiked last month as the UK voted to leave the European Union, resulting in steep losses for the British pound sterling and many European equities, while bond yields plunged further into negative territory and gold surged, data provider Hedge Fund Research said.

HFR said in its monthly report, "Global equity markets ended June with mixed performance following steep declines across all markets intra-month on the Brexit vote; equities in the U.S., China and Great Britain recovered intra-month losses, while equities in Spain, Italy, France, Germany and Japan posted sharp declines for the month. The British pound sterling plunged to a 30 year low on the Brexit vote, as the U.S. dollar and Japanese yen surged on investor risk aversion, with the Euro also posting declines."

The report added that the global government bond yields also posted steep declines on investor risk aversion, with U.S. yields falling to historic lows while yields in Germany and Switz......................

To view our full article Click here

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. PE/VC: How Covid-19 could reshape private equity fundraising, The private equity bet that coronavirus cut short[more]

    How Covid-19 could reshape private equity fundraising From Asian Investor: The pandemic looks may have led to greater use of remote capital-raising but might it also encourage investors to establish more overseas offices? The coronavirus outbreak has inevitably hit the amount of mo

  2. Investing: Millennium hedge fund ups bet against Bank of Ireland, Value rotation was the last thing big funds thought would happen, Al Gore's firm sold Amazon and Microsoft stock. Here's what it bought.[more]

    Millennium hedge fund ups bet against Bank of Ireland From Independent: US hedge fund Millennium International Management has raised its bet against Bank of Ireland's shares. It comes as Davy says 2020 will be a write-off for banks, with losses across Irish lenders of €4bn. M

  3. PE/VC: Private equity in the Covid-19 crisis, Carlyle's Africa dealmakers leave to start their own buyout firm, UK asset managers plan shift to off-market strategies including private equity[more]

    Private equity in the Covid-19 crisis From Morning Star: Private equity investment trusts invest in unquoted companies not yet listed on the stock market. How have they fared in the sell-off? Investment trusts have been caught up in the market turmoil of recent months and private equit

  4. New Launches: Apeira Capital seeks $200m for hedge fund-like bets, PIMCO filing reveals ESG fund launch could be ahead, BEA Systems co-founder launches venture fund, Salesforce Ventures launches $125m Europe Trailblazer Fund, The D. E. Shaw group closes first onshore China investment fund, Legg Mason and ClearBridge launch non-transparent ETF, Hong Kong-based asset manager MaiCapital launches actively managed bitcoin hedge fund[more]

    Apeira Capital seeks $200m for hedge fund-like bets From Bloomberg: Natalie Hwang, the former head of Simon Property Group Inc.'s venture capital arm, has launched a new firm and is seeking $200 million for a debut fund. Hwang has been discussing the vehicle with prospective investors, ac

  5. New Launches: Hedge fund Angelo Gordon raising $1.5bn for distressed energy debt, Amundi unveils eight new funds as part of ESG ETF range push, Mezzanine Management gears up for direct lending fund[more]

    Hedge fund Angelo Gordon raising $1.5bn for distressed energy debt From Reuters: Hedge fund Angelo Gordon & Co aims to raise as much as $1.5 billion to buy the debt of distressed oil and gas companies, according to a person familiar with the matter and an investor presentation viewed by R