Opalesque Industry Update - The hedge fund industry has posted average returns of -0.75% for June 2015, the first month this year of negative performance. Despite this, the benchmark has still returned 4.50% year-to-date. Single-manager hedge funds were not the only fund structures which fared poorly in June; UCITS posted returns of -1.76%, and CTAs made losses of - 2.66%, their worst monthly performance since July 2008. The only leading strategy with positive performance for the month was relative value, which posted a return of 0.17%. Relative value strategy funds have seen only two months of negative performance in the past 18 months. Other Key Hedge Fund Industry Stats:
Both Asia-focused funds and Europe-focused funds saw negative performance of -1.82% and -1.06% respectively in June, in the wake of turbulence surrounding Chinese and Greek markets. June has seen hedge funds post their first month of negative performance so far in 2015, commented Amy Bensted, Head of Hedge Fund Products at Preqin. The industry has had a run of five months of positive returns from the start of 2015, and surpassed full-year 2014 performance in May. However various macroeconomic events, notably the Greece/Eurozone crisis and the turbulence experienced in the China stock market, has led to hedge funds failing to generate positive returns in June and has dented the year-to-date return of the sector. CTAs have also suffered further following their strong returns in Q1 2015; a difficult Q2 has left the strategy only just clinging on to positive performance through the first half of the year. To view the further information and analysis, please see the full report: Source Press release Bg |
Industry Updates
Preqin All-Strategies Hedge Fund benchmark down 0.75% in June (4.5% YTD), ending positive five-month streak
Thursday, July 16, 2015
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