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
Australian ETFs saw flows of $5.8 billion in July, more than double the previous month, and adviser adoption is tipped to help total flows reach $50 billion by the end of the year.
Pinnacle’s London affiliate, Life Cycle Investment Partners, has secured over $15 billion in FUM in its first year and achieved profitability, the firm’s fastest affiliate to do so.
For foreign fund managers looking to come to Australia, a financial services law firm has shared which regulatory option offers them the quickest pathway?
Betashares has partnered with a US fund manager to form a private capital division aimed at providing financial advisers and wholesale clients with private markets investments.
