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Equities traded in a wide range and inflationary pressures remained salient as Global financial markets gained in June. US Equity markets gained led by Technology & Energy, while European & Asian markets posted mixed performance. Interest rates declined while the US Dollar gained on moderation of labor market/employment strength. Commodity gains were led by Energy, including Oil & Natural Gas, while Metals and Agricultural commodities fell led by Copper, Platinum & Lumber.
The HFRU Hedge Fund Composite Index gained +0.12% in June.

HFRU Equity Hedge Index gained +0.38%
HFRU Event Driven Index posted a decline of -0.20%
HFRU Macro Index declined -0.45%
HFRU Relative Value Arbitrage Index gained +0.18%

Comments reference performance as of June 30, 2021