Hedge funds were down for the second consecutive month in June, as the Eurekahedge Hedge Fund Index lost 1.22%1 during the month. Most regional hedge funds ended the month with negative returns while Japanese managers delivered marginal gains of 0.25%. The industry attracted $2.6 billion in net asset flows while performance based losses were $11.14 billion.
Highlights of hedge fund performance and asset flows for the month are as follows: