Hedge funds, as measured by the Credit Suisse Hedge Fund Index, finished June down 1.66 per cent, with two out of 10 strategies in positive territory.
In total, the industry saw estimated outflows of approximately USD1.09bn in June, bringing overall assets under management for the industry to approximately USD1.95trn.
The equity market neutral sector experienced the largest asset inflows on a percentage basis, with inflows in June equal to 1.11 per cent of the May 2013 levels.
Event driven funds experienced modestly negative performance against the backdrop of general market fears of a reduction in global central bank liquidity.
Long/short equity funds posted overall negative performance in June as global equity markets slid during the latter half of the month.