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Global financial markets posted steep losses through mid-June, with losses driven by generational inflation, rising interest rates, and increased likelihood of economic recession. Global equity markets posted steep declines led by Technology & Cyclicals. European & Asian equities also posted sharp losses. Interest rates rose sharply across all maturities as the Federal Reserve increased interest rates by 75 basis points and CPI increased by 8.6 percent. The US Dollar gained against most other currencies while Cryptocurrencies posted steep losses. Energy commodities posted mixed performance while Metals declined led by Aluminum; Agricultural declines were led by Lumber & Sugar. 
The HFRI-I Liquid Alternative UCITS Index posted a decline of -1.93% through mid-June.

HFRI-I Equity Hedge Index declined -1.86%
HFRI-I Event Driven Index declined -2.87%
HFRI-I Macro Index declined -0.88%
HFRI-I Relative Value Arbitrage Index declined -2.26%

Comments reference performance as of June 17, 2022