Quantedge hedge fund up 12% in June as bonds surge
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Singapore
QUANTEDGE Global Fund gained 12 per cent in June to return almost three times as much as global peers, as bond holdings gained amid the market dislocation that followed the unexpected UK decision to leave the European Union.
The June gains brought first-half returns at the US$1.3 billion Singapore-based fund, which uses quantitative models to bet on global macro themes, to 40 per cent, according to a newsletter to clients obtained by Bloomberg News. The HFRI Macro Systematic Diversified Index, which tracks similar strategies, rose 4.4 per cent in June and 4.5 per cent year to date, according to Hedge Fund Research Inc in Chicago.
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