Hedge fund returns for June were in the red for the fourth consecutive month making it the longest running losing streak for the industry since 2008. The Eurekahedge Hedge Fund Index was down by 0.14%1 during the month while comparatively the MSCI World Index was up 3.65%2 amid reversal in market trends and a month-end rally.
Total assets under management (AUM) decreased by US$8.2 billion, bringing the size of the industry to US$1.73 trillion. Most of the decreases in assets were due to performance-based declines, as some of the larger hedge funds posted losses for the month, accounting for US$6.62 billion. Managers also witnessed negative net asset flows of US$1.61 billion during the month.