When global equities were falling sharply last Friday, most hedge fund strategies fell less than 1%. The HFRX Equal Weighted index fell 0.76% on June 24. Commodity trading advisers fared the best. The HFRX Macro: Systematic Diversified/CTA index rose 0.71% on the day. A 60/40 portfolio of U.S. large-cap equities and U.S. fixed income fell 1.93%.