Hedge funds end seven month winning streak

Figures from index provider Eurekahedge show that the hedge fund sector ended its seven month winning streak in June, when its Hedge Fund Index dropped 1.47%.

The average figures encompases a broad spectrum of performances, however, as Eurekahedge noted that Japanese hedge funds continued to outperform stocks, gaining 0.15% in June, while new launch activity continues apace – some 300 funds have been launched so far through 2013 – and it is tracking some 500 funds that have delivered over 15% year to date, and some 250 funds that have provided over 20% return through the period.

On a regional basis Japan stood out, particularly against the Asia ex-Japan Hedge Fund Index, which lost 4.63% in June.

The North American Hedge Fund Index dropped 0.1%, and the European Hedge Fund Index lost 1.16% over the month of June.

Regional Indices June 
 Eurekahedge North American Hedge Fund Index   -0.10
 Eurekahedge European Hedge Fund Index   -1.16
 Eurekahedge Eastern Europe & Russia Hedge Fund Index  -3.34
 Eurekahedge Japan Hedge Fund Index  0.15
 Eurekahedge Emerging Markets Hedge Fund Index  -2.94
 Eurekahedge Asia ex-Japan Hedge Fund Index  -4.63
 Eurekahedge Latin American Hedge Fund Index   -2.13

All hedge fund strategies lost money through the month, Eurekahedge said, although year to date returns suggest just one – CTA/Managed Futures – has provided a negative return, with other strategies performing in positive territory.

Strategy Indices June YTD
 Eurekahedge Arbitrage
Hedge Fund Index
  -0.46 3.20
 Eurekahedge CTA/Managed
Futures Hedge Fund Index
  -1.14 -1.35
 Eurekahedge Distressed Debt Hedge Fund Index -0.41 9.47
 Eurekahedge Event Driven Hedge Fund Index  -1.64 3.39
 Eurekahedge Fixed Income Hedge Fund Index  -1.54 1.83
 Eurekahedge Long/Short Equities Hedge Fund Index  -1.66 5.10
 Eurekahedge Macro Hedge Fund Index  -1.58 0.57
 Eurekahedge Multi-Strategy Hedge Fund Index  -2.20 1.02
 Eurekahedge Relative Value Hedge Fund Index -0.75 2.75


Jonathan Boyd
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