Credit funds crater.
The HedgeFund Intelligence Global Composite dropped 0.96%, its first monthly loss in a year. Despite widespread losses across hedge fund strategies, the Absolute Return Composite fell only 0.87%, beating the MSCI World Index, which dropped 2.46%.
The Absolute Return Credit Index, which fell 4.43% in June, suffered its heaviest monthly loss since August 1998 when the strategy fell 5.03%. Credit funds are now almost flat for the year, up 0.42%.
Note: These indices were accurate as of July 9th, and are subject to change. For the most recent performance statistics, please click on the links in the table below to the