Hedge funds as measured by the Greenwich Global Hedge Fund Index (GGHFI) showed mixed results during the month of June but managed to extract a positive return in unpredictable markets.
The GGHFI returned +0.19% while the Greenwich Composite Investable Index ( GI2 ) gained +0.45% during the month, compared to global equity returns in the S&P 500 Total Return +0.20%, MSCI World Equity -0.61%, and FTSE 100 -3.82% equity indices. Year-to-date, the GGHFI and the GI2 have returned +9.12% and -0.48%, respectively, while the S&P 500 Total Return, MSCI World Equity, and FTSE 100 Indices have returned +3.16%, +4.76%, and -4.17%, correspondingly. 54% of constituent funds in the GGHFI ended the month with gains.
L.D.