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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......................

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