Hedge Fund Assets Down $20.94 Billion In June

Date: Wednesday, July 17, 2013
Author: Alex Akesson, HedgeCo.net

New York (HedgeCo.Net) - Hedge funds suffered losses this month according to the new Eurekahedge report. ”Hedge funds recorded negative returns in June ending their seven month winning run, as global markets witnessed broad based declines during the month.”

Total assets under management were down by $20.94 billion – the sector witnessed net negative asset flows of $2.12 billion while losing $18.82 billion through performance based losses. The total size of the industry now stands at $1.89 trillion.

Highlights from this month’s report include:

Hedge funds end their 7 month winning streak, down 0.69% in June
Assets under management declined by $21 billion in June and currently stand at $1.89 trillion
Launch activity picks up with more than 300 funds launched so far in the year
Eurekahedge is currently tracking more than 500 funds that have delivered over 15% year-to-date and 250 funds that are up by over 20% year-to-date
Distressed debt funds end 11-month winning run after gaining 21% from June 2012 to May 2013
CTA/ managed futures funds in negative territory for the year, down 1.35% year-to-date
Updated figures for May show that the industry grew by $28 billion during the month
AUM of North American hedge funds currently at $1.29 trillion, expected to cross historical high of $1.3 trillion by end June
North American and fixed income hedge funds witness largest performance-based declines in almost 2 years
Hedge funds post largest monthly loss in one year; long/short equity funds end twelve month winning streak