The HFRI 500 Fund Weighted Composite Index was up 1.9% in June, thanks to equity hedge and event-driven strategies as the industry performance to turn positive for the calendar year.
June returns conclude a volatile first half that was defined by the global coronavirus pandemic that has been followed by a mixed second quarter recovery despite the ongoing battle against COVID-19. Through June, hedge funds overall have posted a decline of 3.5%.
The top performing categories, according to HFR, were technology, currency and healthcare strategies. Equity hedge strategies broadly led industry . . .
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