The worst-performing strategy was the Hennessee Convertible Arbitrage Index, with a 1.42% decrease for June, bringing the YTD performance of the index into negative territory at –0.49%. Hennessee expressed surprise at the relative performance of the index, saying it couldn’t remember it ever happening before.
The overall positive returns for hedge funds come as good news after a volatile year so far. SG Hambros, the private banking arm of French bank Société Générale, reported most fund of funds posting flat returns or losses for April and May.
The week on Risk.net, July 7-13, 2018Receive this by email