Downward Dog: Hedge Funds Slide In Early June

From finalternatives: Hedge funds took a hit in the first half of June, according to figures from Hedge Fund Research. The HFRX Global Hedge Fund Index fell 0.95% through mid-June, cutting the benchmark's year-to-date gains to 3.55%.  The losers were led by systematic diversified commodity trading advisors, which fell 1.22% (down 2.88% year-to-date). Multi-region funds dropped 0.85% (up 3.92% YTD), distressed restructuring funds 0.84% (up 3% YTD), macro funds and CTAs 0.78% (down 1.19% YTD) and equity-market neutral funds 0.74% (up 0.28% YTD).

Multi-strategy funds shed 0.69% on the month (up 1.4% YTD), event-driven 0.67% (up 7.88% YTD), relative-value arbitrage 0.65% (up 2.25% YTD), emerging markets 0.63% (up 2.58% YTD), credit 0.51% (up 4.81% YTD), convertible arbitrage 0.11% (up 8.8% YTD) and special situations 0.11% (up 10.45% YTD)…..

Read all about it at https://www.finalternatives.com/node/23965