Institutional Investors

Hedge Fund Returns Mixed At Close Of 2018’s First Half

Halfway through 2018, the hedge fund industry is producing very mixed results. Just over half of reporting strategies are positive for the year, according to the just-released June 2018 eVestment Hedge Fund Performance Report. Those funds that are positive are up an average of +5.3%, while those in the red are down an average of -5.3%.

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Q2 hedge fund letters, conference, scoops etc

Hedge Fund Returns

mohamed_hassan / Pixabay

Overall industry returns were just slightly negative at -0.51% in June, while 2Q 2018 returns were positive at +0.37% and YTD 2018 returns stand at +0.16%.

Other interesting points from the new report include:

  • Among primary markets Broad Capital Structure funds are among the strongest performers, returning +0.45% in June, +2.25% for the second quarter and +1.94% for the first half of the year.
  • Among primary strategies, Distressed and Origination & Financing funds are performing well. Distressed funds returned +1.53% in June, +3.50% and +3.34% YTD. Origination and Financing funds returned +1.02% in June, 2.48% in 2Q and +3.83% YTD.
  • Commodities funds are among the biggest losers so far in 2018, returning -2.70% in June and -1.30% YTD.
  • A strong dollar and developing trade wars have been hurting emerging markets funds. In June, China-focused funds fell most, returning -4.69%. June China fund losses were nearly rivaled by losses at funds focused on India and Brazil, which also saw negative returns. However, India focused funds, at -12.28% for the year, are seeing the largest losses so far in 2018

To download a full copy of the report, please click here.

 

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