FAIRFIELD, Iowa, July 15, 2015 — Hedge funds lost 0.91% in June, according to the Barclay Hedge Fund Index compiled by BarclayHedge. The Index remains up 3.52% year to date, outperforming the S&P 500 Index which has gained 1.23%.
“Brexit fears and China’s stock market in free fall took a toll on risk assets in June,” says Sol Waksman, founder and president of BarclayHedge.
Fourteen of Barclay’s 18 hedge fund indices had losses in June. The Global Macro Index dropped 2.24%, Emerging Markets were down 1.81%, Distressed Securities lost 1.36%, European Equities were down 1.26%, the Multi Strategy Index gave up 0.86% and Fixed Income Arbitrage declined 0.83%.
“Macro funds were hit with losses on several fronts. Price declines in equity indices, emerging markets, high yield credits, and the US Dollar made for a challenging month,” says Waksman.
On the positive side, the Technology Index was up 0.80%, Equity Market Neutral gained 0.64%, Equity Short Bias was up 0.49%, and the Healthcare & Biotechnology Index added 0.43%.
After two quarters in 2015, Barclay’s Healthcare & Biotechnology Index leads all hedge fund strategies with a 12.60% gain. Pacific Rim Equities are up 7.14%, Emerging Markets have gained 6.16%, Merger Arbitrage is up 4.72%, and the Technology Index has gained 4.58%.
The Barclay Fund of Funds Index lost 1.04% in June, but is up 2.74% for the year.
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Sol Waksman is an experienced media source, providing perspectives on hedge fund and managed futures trends. For more commentary or background, call 641-472-3456 or email swaksman@barclayhedge.com.
BarclayHedge is the global leader in providing independent, research-based information services to the alternative investment industry. Founded in 1985, Barclay currently maintains data on more than 6,100 hedge funds, fund of funds, and CTAs. No one has been in the business of collecting alternative investment data longer than BarclayHedge.
Institutional investors, brokerage firms, and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries.