Hedge funds were down 1.27% in June, ending the second quarter with negative returns of 1.06%.
The month was marked by trend reversals in the markets and changes in investor risk appetite, which was the prevalent theme throughout the second quarter. But hedge funds outperformed the underlying markets as the MSCI World Index declined by 1.88% during the month and were down 1.77% for the second quarter.
All strategies delivered negative returns for only the fourth time in the last ten years, while net asset flows remained positive for the seventh consecutive month at $1.5 billion. Net asset flows for the first half of the year stand at $113.8 billion, which marks the strongest first half since 2006.
Launch activity remains strong this year as more than 400 funds launched in the first half.
(CM)