11 Jul 2017 Hedge Funds continue their upward path – HFRI index +0.4% in June
HFR’s HFRI Index advanced with +0.4% in June (+3.7% YTD), the eighth consecutive monthly gain and the 15th gain in the last 16 months.
Performance was led by Equity Hedge, Event driven and Fixed income Relative Value strategies that all continued to perform strong. With implied volatilities near historic lows, Macro strategies continued their decline in June with negative contributions from quantitative, trend-following CTA strategies. Partially offsetting Macro losses, the Currency Index advanced +0.3 percent in June.