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Hedge fund performance back on positive ground in June

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After dipping into the red in May, the global hedge fund industry returned to positive territory in June with an aggregate industry performance of +2.42 per cent, according to the latest eVestment hedge fund performance data covering the month of June. 

This brings year-to-date (YTD) average gains to +7.16 per cent, building on the positive performance the industry experienced from January to April of this year.
 
All major strategies and primary markets were positive in June. Among primary strategies, Event Driven – Activist funds had the strongest performance in June, returning an average of +3.97 per cent. These funds’ YTD performance is also among the strongest, at +8.96 per cent. Long/Short Equity funds had a strong June as well, returning +3.17 per cent, and lead in YTD returns among primary strategies at +10.00 per cent. Long/Short Equity managers have benefitted from the global equity market rally, and many funds within the category were among the most-viewed on eVestment’s platform in June.
 
Among primary markets, funds focused on Broad Financial Derivatives had the strongest performance in June, returning +3.42 per cent for the month, bringing YTD performance to +6.19 per cent

Equity funds are also performed well in June and YTD, returning +2.98 per cent for the month and +9.01 per cent so far this year.

Among the sea of green in June, other notably positive average performances were turned in by Managed Futures funds (+3.77 per cent in June), Quantitative Directional Equity funds (+3.08 per cent in June) and Macro funds (+2.33 per cent in June).

Russia and China focused funds continue their string of strong performances, returning an average of +5.31 per cent and +4.77 per cent respectively in June. Russia and China focused funds are also outshining the rest of the industry YTD, returning an average of +16.97 per cent and +15.80 per cent respectively. Both Russia and China funds are coming off strongly negative performances in 2018.

India-focused funds continue to have challenges, returning -0.80 per cent in June and eking out YTD returns of only +2.16 per cent. This is, however, an improvement from these funds’ disastrous -16.23 per cent average returns in 2018.

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