FAIRFIELD, Iowa, July 19, 2017 — Hedge Funds gained 0.37% in June according to the Barclay Hedge Fund Index compiled by BarclayHedge. The index has risen every month this year, as well as in 11 of the past 12-months, and is up 4.41% for 2017.
“The hedge fund industry continues to show broad strength,” says Sol Waksman, founder and president of BarclayHedge. “The continued rally in the U.S. equity market combined with outsized returns in specific market segments have led the industry higher this year.”
Healthcare leads, global macro lags
Overall, 13 of 17 subindices showed gains in June. Among the winners, Healthcare and Biotechnology led all subcategories with a 5.32% gain, followed by Pacific Rim Equities with a gain of 1.85% and Equity Long Bias at 0.85%. Sectors with the greatest losses were Technology (-1.21), Global Macro (-0.74%), and Distressed Securities (-0.13%).
In addition to being the top performing area in June, Healthcare and Biotechnology also leads all sectors year to date with a gain of 11.92%. Technology is the second best performing sector for the year, with a solid 11.08% gain despite a dip in June. Other solid winners for the year include Emerging Markets (8.24%) and European Equities (6.00%). Global macro, on the other hand, continues to take it on the chin. In addition to recording the worst performance in June it is the only sub–index that is in negative territory for the year to date (-0.15%).
“2017 has been an interesting year for the hedge fund industry,” says Waksman. “While the U.S. market has remained strong, recent attention has been focused in emerging markets and Europe. We’ve seen positive returns in a period of historically low volatility; it will be interesting to see how markets perform if volatility picks up.”
For a complete table of BarclayHedge Hedge Fund Index and Sub-Index performance for June, click here.
Sol Waksman is the founder and president of BarclayHedge. Waksman is an industry expert and experienced media source, providing perspectives on hedge fund and managed futures trends.
BarclayHedge is the global leader in providing independent, research-based information services to the alternative investment industry. Founded in 1985, Barclay currently maintains data on more than 6,600 hedge funds, fund of funds, and CTAs. No one has been in the business of collecting alternative investment data longer than BarclayHedge.
Institutional investors, brokerage firms, and private banks worldwide utilize BarclayHedge indices as performance benchmarks for the hedge fund and managed futures industries.