
Emerging market hedge funds post highest returns
Overall, the Van Global Hedge Fund Index posted a 1.2% net gain in the same month, which was the fourth month of consecutive positive growth by the hedge funds in the Van database.
The Van Global Index, which is one of the most widely followed benchmarks, rose 8% net of fees for the first half of 2003. The latest June figure is based on the over 800 reporting hedge funds from around the world.
In comparison, the S&P 500 gained 1.3%, while the Average Taxable Bond Mutual Fund Index jumped 0.3% in the same period.
“Hedge funds continued their winning streak in June and, despite their hedged nature and exposure to other asset classes, generally kept pace with the resurgent equity markets. Gains were more modest across the board in June than in April or May but continued to be widespread,” Van Hedge Fund International said in a release.
Equity oriented strategies, which account for the majority of the world’s hedge funds, have also performed well so far as stocks attempt to pull out of a three-year bear market. Aggressive growth and value netted average returns of 2.2% and 1.6% in the global index for June respectively, increasing their year-to-date net gains to 13.2% and 9.9%.
The Van Offshore Hedge Fund Index, based on only non-US hedge funds, rose 1.3% for the month, generating a 7.5% net gain for the first half of the year.
The Van Global Hedge Fund Index climbed to a value of 9,769.8 in June. The index began with a value of 1,000 in January 1988.
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe
You are currently unable to print this content. Please contact info@risk.net to find out more.
You are currently unable to copy this content. Please contact info@risk.net to find out more.
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Printing this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. Copying this content is for the sole use of the Authorised User (named subscriber), as outlined in our terms and conditions - https://www.infopro-insight.com/terms-conditions/insight-subscriptions/
If you would like to purchase additional rights please email info@risk.net
More on Structured products
Podcast: Claudio Albanese on how bad models survive
Darwin’s theory of natural selection could help quants detect flawed models and strategies
Range accruals under spotlight as Taiwan prepares for FRTB
Taiwanese banks review viability of products offering options on long-dated rates
Structured products gain favour among Chinese enterprises
The Chinese government’s flagship national strategy for the advancement of regional connectivity – the Belt and Road Initiative – continues to encourage the outward expansion of Chinese state-owned enterprises (SOEs). Here, Guotai Junan International…
Structured notes – Transforming risk into opportunities
Global markets have experienced a period of extreme volatility in response to acute concerns over the economic impact of the Covid‑19 pandemic. Numerix explores what this means for traders, issuers, risk managers and investors as the structured products…
Structured products – Transforming risk into opportunities
The structured product market is one of the most dynamic and complex of all, offering a multitude of benefits to investors. But increased regulation, intense competition and heightened volatility have become the new normal in financial markets, creating…
Increased adoption and innovation are driving the structured products market
To help better understand the challenges and opportunities a range of firms face when operating in this business, the current trends and future of structured products, and how the digital evolution is impacting the market, Numerix’s Ilja Faerman, senior…
Structured products – The ART of risk transfer
Exploring the risk thrown up by autocallables has created a new family of structured products, offering diversification to investors while allowing their manufacturers room to extend their portfolios, writes Manvir Nijhar, co-head of equities and equity…