Overall, hedge funds gained close to 2 percent in the month of June, their third consecutive monthly advance, according to new data from Hedge Fund Research, powered mainly by equities and event-driven strategies.
But the HFRI Fund Weighted Composite Index, an investable barometer of the wider industry, remains down for the year despite the recent recovery, which included a striking Q2 rise of more than 9 percent. In what has been a memorable six-month period for markets, the index dropped 3.49 percent – a slide stemming largely from agonizing losses during March’s coronavirus-fuelled sell-off.
“Despite the strong Q2 recovery, risks and realized volatility associated with additional virus contagion, social unrest, and the upcoming US election remain elevated,” says HFR president Kenneth Heinz.
“Funds which have demonstrated their strategy’s success and resiliency through H1 volatility are likely to lead industry performance and growth in H2 2020.”
(source: HedgeWeek)
Edgefolio gathered the top funds from a range of fund types, you can find them below.
Long Only Funds
| Rank | Company | Fund Name | May ’20 | YTD | CAGR | 3 Years | AUM (Million $) |
|---|
(Criteria used: Track Record > 1 Year, Currency: $US dollar, AUM > $100m)
ETFs
| Rank | Company | Fund Name | May ’20 | YTD | CAGR | 3 Years | AUM (Million $) |
|---|
(Criteria used: Track Record > 1 Year, Currency: $US dollar, AUM > $100m)
UCITS Funds
| Rank | Company | Fund Name | May ’20 | YTD | CAGR | 3 Years | AUM (Million $) |
|---|
(Criteria used: Track Record > 1 Year, Currency: $US dollar, AUM > $100m)
Fund of Funds
| Rank | Company | Fund Name | May ’20 | YTD | CAGR | 3 Years | AUM (Million $) |
|---|
(Criteria used: Track Record > 1 Year, Currency: $US dollar, AUM > $100m)
The Eurekahedge Hedge Fund Index was up 2.03% in May, supported by the robust performance of the global equity market as represented by the MSCI ACWI (Local), which gained 4.32% over the same month. Global equities continued its rally driven by the reopening of major economies and accommodative central bank policies. For the week ending May 15, the market saw a decline in risk assets owing to concerns regarding the second pandemic wave and fresh tension between the US and China, pushing the S&P 500 down 2.26%. (source: Eurekahedge)
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Disclaimer
Data provided by Morningstar. Care has been taken to ensure that the information is correct, but Edgefolio neither warrants, represents nor guarantees the contents of information, nor does it accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein. Past performance does not predict future performance, it should not be the main or sole reason for making an investment decision. The value of investments and any income from them can fall as well as rise.