Hedge Fund Monthly Update – June 2013 (UBS)

July 2013

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