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