Hedge funds up in June
Eurekahedge: Hedge fund managers were up 0.26% in June, trailing behind the global equity market as represented by the MSCI ACWI (Local) which gained 1.93% during the month. In terms of 2021 performance, global hedge funds were up 8.09%, recording the strongest June year-to-date return since 2009 despite the ongoing pandemic. Roughly 58.2% of the underlying constituents of the Eurekahedge Hedge Fund Index posted positive returns in June, and 30.6% of the hedge fund managers in the database were able to maintain a double-digit return in 2021. The Eurekahedge Long Short Equities Hedge Fund Index was up 0.72% in June, extending their streak of consecutive positive returns to nine months. In terms of 2021 performance, long/short equities hedge funds have returned 10.53%, recording their strongest June year-to-date return since 2009.