Hedge Funds End Seven-Month Winning Streak

Hedge Funds End Seven-Month Winning Streak

Hedge funds around the world saw negative returns in June to end seven months of straight gains amid a broad pull-back in equity markets, with those in Asia ex-Japan the worst hit, data from research firm Eurekahedge show.

The Eurekahedge Hedge Fund Index fell 1.47 percent in June, marking its first decline this year, the company said in a note published late on Wednesday. That compared with a fall of just over 3 percent in the MSCI World Index.

“June witnessed a continuation of downside momentum from the end of May as markets reacted adversely to speculation about a slowdown in the Fed’s bond buying operations,” Eurekahedge said.

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