Hedge funds returns in June were somewhere between a modest loss and a modest gain, figures from three data providers suggest.
Eurekahedge, one of the data providers, said hedge funds “ended their five-month winning streak” in June by making a loss of 0.19%, while the key equity benchmark, the MSCI AC World Index (Local), moved upwards by 0.18%.
However, data from eVestment also out this week showed hedge funds performed positively in June. The firm said the hedge fund average return for the month was 0.13%.
It was even higher, at 0.4% according to HFR’s Fund Weighted Composite Index, and the firm said was the eighth consecutive monthly gain.
The year-to-date return by hedge funds was positive in all cases. Eurekahedge said hedge funds were up 3.03% and eVestment said the return was a positive 3.26%. HFR said hedge funds returned 3.7%.
However, the long-only MSCI index returned more: 7.65% according to Eurekahedge.
Emerging markets were the stronger performers in June. They returned 0.67%, according to Eurekahedge, while European hedge funds, for example, posted a decline of 0.18%.
North American fund managers posted modest returns of 0.32%.
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