The index still remains in positive territory for the year to date, currently up 3.68 per cent, down from positive 5.43 per cent after May.
In total, the industry saw estimated outflows of approximately $1.09 billion in June, bringing overall assets under management for the industry to approximately $1.95 trillion, according to Credit Suisse.
The sub-strategy managed futures experienced a second successive tumultuous month – after being 3.5 per cent in the black after April, the strategy has lost around 5 per cent two months in a row and is now down 3.59 per cent year to date.
It is one of just two strategies in the red in 2013, with dedicated short bias doing little to claw back its losses in June, gaining 0.81 per cent but still 12.35 per cent down for the year.
Equity market neutral was the only other strategy to gain ground in June, moving forward 0.57 per cent.
The equity market neutral sector saw the largest asset inflows on a percentage basis, with inflows in June equal to 1.11 per cent of the May 2013 levels, Credit Suisse stated.
“Event-driven funds experienced modestly negative performance against the backdrop of general market fears of a reduction in global central bank liquidity,” Credit Suisse stated.
“Long/short equity funds posted overall negative performance in June as global equity markets slid during the latter half of the month,” it added.
