HFRI-I Liquid Alternative UCITS Indices: June 2020 Performance Notes

06/30/2020 Performance Notes

Global financial markets posted gains for June, trading in a wide intra-month range on high realized volatility as optimism over economic reopening was offset by concerns about a second wave of coronavirus contagion. US equities gained for the month led by Technology, Energy & Commodity exposures, while European & Asian equities also gained. US interest rates were little changed for the month, with the Federal Reserve indicating interest in keeping rates low for an extended period of time. The US Dollar declined on outlook for low rates, while Copper & Gold let gains in Metals; Oil led Energy commodity gains while Soybeans led Agricuturals. Hedge fund strategies posted gains with the HFRI-I Liquid Alternative UCITS Index gaining +0.71% for the month.

HFRI-I Relative Value Arbitrage Index gained +1.27% in June

HFRI-I Event Driven Index posted a gain of +0.17%
HFRI-I Equity Hedge Index gained +1.23%

HFRI-I Macro Index posted a decline of -0.38%

Comments reference performance as of June 30, 2020