Composite index up 1.39% in H1 after flat June


Performance in June was an almost exact reversal of May – with CTAs falling sharply after their strong showing in the previous month and most other strategies faring much better.

Managed futures funds were down by around 5% on both a median and a mean basis, while macro funds also dropped by around 1%. The medians for European equity, credit, event-driven, convertible and equity arbitrage and emerging-market equity were all positive.

Overall the EuroHedge Composite was fairly flat for the month – with the median down 0.1% and the mean down 0.47% – and