FoHFs ride out June’s market turbulence


June was another turbulent month for the funds of hedge funds industry, with the sovereign risk issue in Europe dominating the minds of investors resulting in a general lack of confidence. Commodities were the worst performing strategy, reporting a loss of 3.6% and returning -3.64% for the year-to-date through 30 June.

Pinnacle Physicals & Financing Master fund, one of the few FoHFs posting positive returns within the commodity universe, reported small gains of 0.51% in June and six- monthly losses of 0.91%. The 3A Commodity Fund reported losses of 5.54% returning further pushing its six- month losses of