Hedge funds slip back into negative territory
Hedge funds went back into negative territory in June, reversing their positive monthly returns in the month of May, according to Eurekahedge Hedge Fund Index data.
The sector posted minus 0.02 per cent in June, while the MSCI AC World Index lost 0.7 per cent due to uncertain risk appetites and some profit booking in mixed economic performance.
Fixed income funds delivered the highest returns of the sector of 2 per cent due to a strong high yield space and an upturn in European government bonds.
Equity players showed flat to positive returns during June and emerging market allocations returned 1.1 per cent on average.
Relative value hedge funds were up 1.6 per cent, while the managed futures sector dropped to minus 1.5 per cent. Macro hedge fund strategies were also down negative 0.26 per cent during the month.
Despite the sector’s inconsistent performance, there were net inflows of $4 billion during the month totalling $1.33 trillion in assets. More than 370 hedge funds were closed during the first half of this year, while 250 were launched during the same period.
Recommended for you
AUSIEX has announced it will acquire FIIG, a specialist fixed income provider with $4.5 billion in funds under advice.
Platinum Asset Management has announced it is in discussions with a global alternatives fund manager regarding a possible merger to create an $18 billion firm.
Frontier Advisors has bolstered its Japanese footprint through a partnership with the $350 billion asset management arm of Nippon Life Insurance Company.
JP Morgan Asset Management has appointed an ETF specialist from Vanguard as it seeks to expand its ETF range.
