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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
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