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THE GIST
NEWS AND FEATURES
Global Philippines Fine Living
INSIGHTS
INVESTMENT STRATEGY
Economy Stocks Bonds Currencies
THE BASICS
Investment Tips Explainers Retirement
WEBINARS
2024 Mid-Year Economi Briefing, economic growth in the Philippines
2024 Mid-Year Economic Briefing: Navigating the Easing Cycle
June 21, 2024
Investing with Love
Investing with Love: A Mother’s Guide to Putting Money to Work
May 15, 2024
retirement-ss-3
Investor Series: An Introduction to Estate Planning
September 1, 2023
View All Webinars
DOWNLOADS
economy-ss-8
Inflation Update: Weak demand softens shocks
July 4, 2025 DOWNLOAD
948 x 535 px AdobeStock_433552847
Economic Updates
Monthly Economic Update: Fed cuts incoming   
June 30, 2025 DOWNLOAD
equities-3may23-2
Consensus Pricing
Consensus Pricing – June 2025
June 25, 2025 DOWNLOAD
View all Reports
Markets 2 MIN READ

Global hedge funds shine in June, driven by AI – HFR

July 10, 2023By Reuters
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NEW YORK, July 10 (Reuters) – Global hedge funds posted gains of 2.2% in June, as artificial intelligence-related stocks surged and the banking crisis eased, data provider HFR said on Monday.

In the first half of the year, hedge funds added 3.45% to their investors.

“Hedge funds surged in June, led by growth equity exposures and, specifically, artificial intelligence. While gains were driven by these dynamic exposures, industry performance was strong across-the-board,” said Kenneth J. Heinz, president of HFR.

Equity hedge funds, which bet stocks will fall or rise, posted the best performance among all four categories tracked by HFR, both in June and in the year, with gains of 2.94% and 5.55%, respectively.

Still, equity hedge funds lagged the S&P 500 index, which soared 16.9% in the first half of 2023.

Macro hedge funds ended June down 0.47% in the year, as they were able to erase some losses earlier in the year last month, up 1.47%. Hedge funds that bet on economic trends had a challenging beginning of the year as they were hard hit by the banking crisis in March.

Event-driven hedge funds, which include shareholder activism and those betting on M&As, rose 2.99% in the first half of the year and 2.78% in June.

Relative value strategies, which trade asset price dispersion, ended June up 2.66% in the year and 0.9% in the month.

(Reporting by Carolina Mandl in New York; Editing by Chris Reese and Stephen Coates).

This article originally appeared on reuters.com

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