MFA Blog

Hedge Funds Gain in June

Posted on July 7, 2014

Hedge funds performed positively in June, with Hedge Fund Research’s HFRX Global Hedge Fund Index growing 0.9% for the month.  HFR reported that its four main “hedge fund strategies also posted gains, as measured by the respective HFRX strategy indices in U.S. dollar terms,” according to a report from Hedge Week.

Anthony Lawler, GAM portfolio manager, told Hedge Week that hedge funds boosted their investment levels last month as markets normalized.  “Hedge funds are generally bullish on the opportunity set and that is reflected in their gross exposure increases, while net market exposure remains stable,” he said.  “Equities and credit are hitting all-time highs in price terms in some regions, and many managers view this as an opportune time to express long and short ideas rather than simply being directionally long,” Lawler added.

Event driven was listed by HFR as the top-performing strategy for the first-half of the year, gaining 4.4%.  Relative value and equity hedge strategies grew 1.6% and 1.3% respectively.

Read more about hedge fund performance from Hedge Week.