WEST PALM BEACH, FL (HEDGECO.NET) – The Van Global Hedge Fund Index rose 0.6% net of fees during the month of June, according to a report released by Van Hedge Fund Advisors International, LLC (VAN).This is the first increase in the index since March 2004, as April and May reported negative results.
George Van, Chairman of VAN said, “After two negative months in April and May, signs are that hedge funds recovered a bit in June.� He also noted, �Over half of the hedge funds that have reported to us so far were positive for the month.� Long/short equity hedge funds were generally profitable, but Convertible Arbitrage strategy funds look as if they had a difficult month. Short Selling was one of the worst performing strategies in June, according to Van.
The Van Global Hedge Fund Index gained 2.2%, year to date, while the S&P 500, MSCI World Equity Index and NASDAQ returned 3.4%, 2.5%, and 2.4%, respectively. Hedge funds have historically over performed equity indexes; many analysts think there are capacity constraint questions. However, hedge fund assets have continued to grow regardless of such issues.
Van�s hedge funds indices are widely used by investors, hedge fund managers, the financial community and the media to track the performance of hedge funds by both strategy and sector. The Van Global Hedge Fund Index and its sub-indices are updated monthly on the VAN hedge fund database, which contains data on over 5,000 hedge funds. The Company was founded in 1992 and is one of the pioneers in the hedge fund advisory business.
Paul Oranika
Editor-in-Chief
HedgeCo.Net
Email: [email protected]
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