Hedge Fund Monthly Update – June 2013 (UBS)

July 2013

KEYWORDS: Ben Bernanke, Federal Reserve Board, currencies, China, risk management, Middle East, commodities, interest rate spreads, gold, hedged equity, MSCI, United Kingdom, Germany, Asia Pacific, Japan, Emerging Markets, prime broker, CTA, event driven, credit hedge funds, European Union, United States



  • UBS


This month’s highlights include:

  • Hedge funds returned an average of -1.3% in June, with all strategies negative.
  • CTAs was the worst performing strategy, losing -4.2% and now lags YTD (-1.6%).
  • Equity managers performed relatively well (-0.2%) given market declines and the gap between equity hedge fund YTD performance and equity markets is closing (+7.1% versus +8.4% MSCI World).
  • In June, we saw a significant reduction in risk-taking by EMEA hedge funds

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