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Managed Futures Suffered Negative Performance In June

by Carla Johnson, Investors Offshore.com

21 July 2004

While most hedge fund managers experienced modest gains in June, managed futures trading advisors generally reported losses last month, according to hedge fund database CogentHedge.

The average percentage change for all funds from May to June was 0.24% for all funds, and 0.21% for funds of funds, Cogent reports. Single managed funds (excluding futures) returned a positive 0.72% last month. Meanwhile, managed futures produced a negative return in June of -3.2%.

The top 5 investment strategies in June according to Cogent are as follows: Income (3.07%), Distressed Strategies (2.50%), Market Timing (2.06%), Opportunistic Equity Hedged Strategies (1.47%) and Value (1.26%).

Other than the Managed Futures category, the greatest average loss was experienced by the Regulation D funds (-1.83%) and Currency Trading (-1.24%). The average monthly performance for all single-manager funds was 0.25%, or 0.72% if futures strategies are excluded.

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