Tue, Nov 12, 2019
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Alternative Market Briefing

Hedge funds up 1.82% in June, continuing positive performance

Wednesday, July 10, 2019

Laxman Pai, Opalesque Asia:

Hedge funds continued their positive performance in 2019 with the Eurekahedge Hedge Fund Index gaining 1.82% in June, supported by the strong equity market performance on the back of optimism over the progress of US-China trade talk.

Despite mixed economic data during the month, trade optimism and dovish central bank posturing saw the MSCI ACWI (Local) post gains of 5.41%.

Returns were positive across geographic mandates in June, with North American fund managers gaining 2.11% and Asia ex-Japan fund managers up 2.18%.

Fund managers utilising equity long-bias strategies gained 3.06% throughout the month, bringing their year-to-date return to 10.56%.

Roughly 77.7% of the underlying constituents in the Eurekahedge Hedge Fund Index posted positive returns in June, and 24.4% of hedge fund managers in the database managed to maintain double-digit returns over the first half of 2019.

Key highlights for the month of June 2019:

Hedge fund managers gained 1.82% in June, bringing their year-to-date return to 5.81% as global equity markets edged higher following the improving global trade outlook during the month.

The MSCI ACWI (Local) was up 5.41% in June and 14.39% over the first half of the year.

On an asset-weighted basis, hedge funds were up 1.94% in June, as captured by the Mizuho Eurekahedge Hedge Fund Index (USD). The index was up 4.08% year-to-date.

The Eurekahedge North American Hedge Fund Ind......................

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. Fund managers face crackdown after Neil Woodford scandal, More than 500 Hargreaves clients join Woodford lawsuit[more]

    Fund managers face crackdown after Neil Woodford scandal From The Times: Asset management giants have been warned that their funds could be suspended and wound up after just three months if they do not ditch riskier stocks in the wake of Neil Woodford's downfall. The threat has been

  2. Ackman, down in October, has a new position[more]

    From Institutional Investor: Bill Ackman isn't done with shaking up his portfolio this year. After trimming several of his biggest positions that soared this year, Ackman is building a new undisclosed stake that already comprises 8 percent to 9.5 percent of his portfolios, he told investors. P

  3. PE/VC: Private equity is the new stock, Private equity fundraising in the US hits all-time high, Foreign private equity firms lead $152bn blitz on London Stock Exchange[more]

    Private equity is the new stock From Institutional Investor: The traditional portfolio of stocks and bonds needs an alternative investment shake-up after failed monetary policy, according to executives at JPMorgan Chase & Co.'s asset management unit. "We are in an odd cyclical posit

  4. Opinion: Cliff Asness: It's 'time to sin'[more]

    From Institutional Investor: Timing the market can be "deceptively difficult," as quantitative investor Cliff Asness has pointed out before. But now, the AQR Capital Management co-founder believes that while factor timing is "an ugly thing," it is "about time we did some" - specifically when it com

  5. Investing: Hedge fund Whitebox places big bet on gunmaker Remington, Quant funds exit Japanese bonds in worst sell-off since 2013[more]

    Hedge fund Whitebox places big bet on gunmaker Remington From Reuters: Whitebox Advisors LLC, a credit-focused hedge fund, has been quietly capitalizing on Wall Street's ambivalence toward gun manufacturers by replacing some banks as a lender to Remington Outdoor Company. Whitebox