06/18/2024 Performance Notes

Global financial markets posted mixed performance through mid-June as economic data showed continuing inflation and a steady growth outlook. Equity markets were mixed, led by Technology and Energy, while small-cap and European equities declined. Interest rates fell, and the US Dollar strengthened against most currencies as global geopolitical risk remained elevated while financial market volatility declined. Platinum and Aluminum led Metals commodity declines. Energy commodities gained through mid-June, led by Natural Gas and Oil. Agricultural commodities had a mixed performance, with Cocoa leading gains and Wheat leading declines.

Hedge Funds posted mixed performance through mid-June with the HFRX Market Directional Index gaining +0.63%, the HFRX Absolute Return Index gaining +0.37%, and the HFRX Global Hedge Fund Index declining -0.09%.

  • HFRX Equity Hedge Index gained +0.68%
  • HFRX Relative Value Index gained +0.25%
  • HFRX Event Driven Index declined -0.41%
  • HFRX Macro Index declined -1.46% for the month.

Comments reference performance figures as of June 14th, 2024