China Hedge Funds Down 6.03% During First Half Year To Outperform Index

Greater China-focused hedge funds were up a marginal 0.03% during June and lost 6.03% year-to-date, outperforming the CSI 300 Index, which fell 15.47% year-to-date, according to data released by Eurekahedge.

Asia ex-Japan hedge fund managers gained 0.45% during the month but are down 1.95% year-to-date.

North American hedge fund managers lead the performance among developed mandates, gaining 0.56% during the month. Japanese and European hedge funds fell into negative territory in June, losing 2.22% and 1.58%.

On a year-to-date basis, North American hedge fund managers were up 2.33%, beating their Japanese and European counterparts, who were down 5.28% and 2.89% respectively.

Latin American hedge funds were up 4.33% in June and up 12.98% year-to-date, outperforming other regional mandates over both periods.

On a year-to-date basis, 81% of Latin American hedge fund managers have posted positive returns, with 30% of them posting year-to-date returns greater than 10%.

Globally, hedge funds beat underlying markets in June, gaining 0.64% while the MSCI AC World Index fell into negative territory down 1.38%.

On a year-to-date basis, hedge funds were up 1.34% following four consecutive months of positive returns, also beating the MSCI AC World Index which fell 1.43% over the same period.

Notably, the world’s top hedge funds held up during the Brexit turbulence.

Quantvest’s Eurekahedge 50 Tracker Index, which tracks the performance of the world’s top 50 hedge funds, declined only 0.36% the day after Brexit, while the S&P500 index lost 3.59%, MSCI Europe and MSCI World lost 8.77% and 4.90%, respectively.

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