Long/Short Hedge Funds Gain Traction in June Sell-Off; Lansdowne & Horseman Capital Lead the Way

July 8th, 2013
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Overall hedge fund performance in June has reinforced the benefits of short strategies utilized by long/short equity funds, which outperformed the market indexes for the first time in nearly five years. As reported by WSJ Money Beat, the top performing hedge funds in June generated positive returns versus a general decline in the major indexes due primarily to their short stock positions. Horseman Capital Management, Odey Asset Management, Egerton Capital, Chilton Investment Co. and Lansdowne Partners attributed their market-beating performances to their short positions which took advantage of a sell-off in the global markets.

Lansdowne Partners’ equity fund, Lansdowne Developed Market Fund, recorded the biggest gain (3.95%) bringing its year-to-date return to 17.38%. Horseman Capital Management followed with a 3.79% gain, boosting its YTD return to 16.8%. Odey Asset Management only gained 1.13%, however it leads the others with a 23.83% YTD return. Of the five hedge funds, Chilton Investment Co. scored the lowest monthly gain (.05%), which still beat the indexes; however it attributed a portion of its gains with its 250 basis point outperformance of the indexes.

On the other hand, managed future hedge funds relying upon volatility ranges generally underperformed the markets in June. Cantab Capital Partners’ CCP Quantitative Fund gave up more than 14% and BlueTrend fund of BlueCrest Capital Management swallowed a loss of nearly 10%. The Winton Futures Fund gave up the least of the three (1.77%) which it attributes to its lower target volatility and higher cash equities weighting. With higher target volatility, the BlueTrend fund and the CCP Quantitative Fund are more likely to outperform The Winton Futures Fund in rising markets.
For Detailed Investor Profiles on these Investors, click below:
BlueCrest Capital Management
Chilton Investment Company
Egerton Capital LP
Horseman Capital Management
Lansdowne Partners
Odey Asset Management
Winton Capital Management
Related People: Bill Bollinger*; Christopher H.A. Denny; Christopher Harrison; Crispin Odey; Daniel Szemis; David Harding; Feras Al-Chalabi; Helen Avery*; James Hanbury; Jeff Blumberg; John Armitage; John Horseman; John-Paul Burke; Kenneth Chiang; Leigh Goehring; Mark Driver; Mark Standish; Matthew Beddall; Michael Platt; Michele Ragazzi; Nicholas Carn; Paul Ruddock*; Peter Davies ; Raj Patel; Richard Chilton; Russell Clark; Steve Heinz*; Vijaya Subramanian; William Reeves
Related Entities: Egerton Capital European; Egerton Capital Hedge Fund; Egerton Capital Partners; Egerton European Equity Fund Ltd; Egerton European Fund; Egerton Investment Partners LP; Man Group plc*; Adam Harding & Lueck*; BlueCrest Capital; BlueCrest Special Situations Fund LP; BlueCrest Strategic Ltd; BlueMountain Capital Management; CF Odey Opus Fund; Chilton European International Partners; Chilton Investment Partners; Chilton New Era Partners; Chilton Small Cap Partners; Chilton Strategic Value Partners; Egerton Capital Limited Partnership; Giano Capital; Horseman Emerging Markets Fund*; Horseman European Select Fund; Horseman Global Fund; Horseman Value Fund; Lansdowne European Equity Fund; Lansdowne European Long Only Fund; Lansdowne European Strategic Equity Fund; Lansdowne Global Financials Fund; Lansdowne UK Equity Fund; Man Group Holdings; Morgan Stanley; Odey Allegra European Fund; Odey Asia Fund; Odey Capital Strategies Fund; Odey European Inc; Odey Pan European Fund; Odey Wealth Management; OEI MAC Inc; Theleme Partners
Related Article Tags: Multi-Strategy, Long Short, Equity, Debt and Global Macro Hedge Fund News; Hedge Fund Spotlight Reports


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