Reuters UK – Most strategies employed by hedge fund managers globally failed to generate positive
returns in June as stock markets moved sideways and commodity prices slid during the month, according to estimates from Lipper on Tuesday.

The best-performing hedge fund strategy was "convertible arbitrage" which returned 0.28 percent, while the worst-performing strategy was "managed futures" which lost 1.59
percent. Long/short equity hedge funds declined 0.23 percent.

Overall, nine of the 13 strategies tracked by Lipper lost money last month.

Read Complete Article

Tags: commodity prices, convertible arbitrage, equity hedge, estimates, futures, hedge fund strategy, hedge funds, hedge-fund-managers, lipper, long short equity, money, reuters, stock-markets

Wealth Bulletin – AQR Capital Management intends to launch a line-up of mutual funds next month that will use a hedge-fund strategy developed in 1989 by founder Clifford Asness as a doctoral student in finance at the University of Chicago, according to a report in The Wall Street Journal.

Read Complete Article

Tags: aqr-capital-management, clifford, doctoral student, finance, hedge fund strategy, mutual funds, university of chicago, wall street, wall-street-journal

West Palm Beach (HedgeCo.net) – Due to poor market conditions in the distressed securities space, Dow Jones’s hedge fund arm has suspended publication of the Dow Jones Hedge Fund Distressed Securities Strategy Benchmark.

The Dow Jones Hedge Fund Convertible Arbitrage Strategy Benchmark was also halted in January, 2009 and remains suspended until further notice. The remaining strategies—Equity Long/Short, Equity Market Neutral, Event Driven and Merger Arbitrage, will continue to be published on an end-of-day basis.

Launched in November 2003, the Dow Jones Hedge Fund Strategy Benchmarks measure individual hedge fund strategies. The six existing strategies are Equity Market Neutral, Convertible Arbitrage (suspended), Distressed Securities (suspended), Merger Arbitrage, Event Driven and Equity Long/Short . DJHFI provides style-pure, hedge fund strategy indexes that exhibit highly correlated component returns.

Tags: accredited-investors, alex, benchmark, benchmarks, convertible arbitrage, distressed-securities, dow-jones, further notice, hedge fund strategies, hedge fund strategy, hedgeco, indexes, individual-hedge-fund, long short equity, merger arbitrage, palm-beach, west palm beach