June was the third month this year when hedge funds posted negative results with the HFRI Fund Weighted Composite Index decline of -0.45% leaving the YTD gains at only 0.78%. The results came in mixed as a range of returns among main strategies varied from -0.85% to +0.74%. On the other hand, June was a very solid month for MC Investments’ top picks as our portfolio advanced by 1.14% for the month. Since the beginning of 2017 our selected funds have already returned 21.47% compared to 9.43% gains posted by the HFRI Index.
Last year was an exceptional one for MC Charity Foundation not only for the achievements of Sidabrine linija, but also for the increase of brand awareness and trust gained, regional development and the new projects.
It was a challenging quarter for the broader market as prolonged period of generally declining volatility ended abruptly in February 2018. Equities, credit, mortgage backed securities, treasury bonds, and the US dollar all saw negative performance for the quarter. Now that long awaited volatility is back and fiercer than it’s been in years, hedge funds have a perfect opportunity to prove themselves. If they manage to capitalize on the current situation, investors’ perception towards the industry could improve significantly.