Fri, Aug 14, 2020
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Hedge fund industry gains 2.04% in June as almost all hedge fund sectors have positive month

Wednesday, July 15, 2020
Opalesque Industry Update - Hedge funds continued their positive ways in June, riding a continuing stock market recovery and reopening economies to a 2.04% monthly return, according to the Barclay Hedge Fund Index, compiled by BarclayHedge, a division of Backstop Solutions. By comparison, the S&P 500 Total Return Index was up 1.99% in June.

Year-to-date, the hedge fund industry was down 2.71%. The S&P 500 Total Return Index was down 3.08% over the same period.

All sectors but one tracked by the Barclay Hedge Fund Indices were in the black for June. The lone exception was the Volatility Trading Index, which was down 1.23% for the month.

In spite of continuing bad news regarding the COVID-19 pandemic, there were encouraging economic signs in June. Businesses began to reopen and there were indications that the pandemic's economic impact might have done its worst. The economy was beginning to turn upward.

"Although pandemic concerns remained, stock markets experienced their best quarter in more than 20 years, significantly recovering their pandemic losses" said Sol Waksman, president of BarclayHedge. "Businesses continued to reopen slowly and US retail sales jumped prompting optimism that the COVID recession might be short-lived."

As China reopened, the country's economic activity accelerated. Other Asian economies followed suit. The Emerging Markets Global Equities Index led the pack in June with a 5.65% return. Several other emerging markets indices were among June's leading gainers, including the Emerging Markets Asian Equities Index, advancing 5.53% and the Emerging Markets Latin American Equities Index, gaining 4.81%.

Other notable gains were seen in the Technology Index, up 4.74% and the Emerging Markets Index, gaining 4.37%.

Although most hedge fund sectors remained in the red for the year-to-date through June, 8 posted gains. Leading the gainers were the Technology Index, up 9.75%, the Volatility Trading Index, gaining 8.71%, the Emerging Markets Global Fixed Income Index, posting an 8.19% return, and the Healthcare & Biotechnology Index, up 5.37%.

The Emerging Markets Latin American Equities Index posted the largest year-to-date percentage drop through June, down 18.22%. The Emerging Markets MENA Index was off 12.14% through June, the Emerging Markets Global Equities Index was down 10.18%, the Emerging Markets Eastern European Equities Index dropped 9.57%., and the Pacific Rim Equities Index was down 9.51%.

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
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 private equity co-investments can accelerate investor returns following a crisis, Pandemic slowed private equity fund closings in first half, Private-equity giants inking more deals in Asia[more]

    How private equity co-investments can accelerate investor returns following a crisis Investing in a post-crisis period is never simple. The atmosphere of opportunity compels investors to put capital to work. However, where and how to best invest becomes more important than ever. P

  2. Investing: Viking Global slashes exposure to hot tech stocks, Warren Buffett may have bought back a record $7bn of Berkshire Hathaway stock in the past 3 months[more]

    Viking Global slashes exposure to hot tech stocks From Institutional Investor: Viking Global Investors in the second quarter sharply cut back on positions in at least three of the market's hottest tech and internet stocks, according to a regulatory filing made public late Friday afterno

  3. PE/VC: Private equity firms bet on insurance, Private equity sees late July mini-boom as funds gear up for 'new normal'[more]

    Private equity firms bet on insurance From Institutional Investor: Major publicly traded private equity firms' assets under management are growing, largely thanks to investments in insurance companies. A new analysis from PitchBook of five major private equity firms' second-quar

  4. Private real estate fundraising plummets 28% with 58 funds closed in Q2 2020[more]

    Laxman Pai, Opalesque Asia: The number of private real estate funds reaching a final close has plummeted so far this year. Just 58 private real estate funds reached a final close in Q2 2020, down 28% from 81 funds closed in Q1 2020 and 47% from Q2 2019 (110), said a report by Preqin. That said

  5. Opalesque Exclusive: Katch secures guaranteed income through private debt to SMEs[more]

    B. G., Opalesque Geneva: Short-term lending to SMEs can be a good alternative to traditional fixed income, provided the risks are well under control. One fund that does just that is the Katch Global Lending Opportunitie