Credit Suisse/Tremont Hedge Fund Index Drops 2.76% In May

Jun 15 2010 | 10:54am ET

The final May numbers for are in for the Credit Suisse/Tremont Hedge Fund Index, and it ain't pretty. But then again, it isn't as ugly as some other indices are showing. The Credit Suisse/Tremont Hedge Fund Index dropped 2.76% in May, its largest decline since November 2008

“The Credit/Suisse Tremont Hedge Fund Index fell 2.76% in May, with nine out of ten sectors posting negative performance for the month. Although the industry was negatively impacted by the market sell-offs, hedge funds outperformed equity market indices such as the S&P 500 and MSCI World which fell 7.99% and 9.77%, respectively in May," said Oliver Schupp, president of Credit Suisse Index Co. "Dedicated Short Bias was the only sector to generate positive performance, gaining 5.84% for the month as managers benefited from negative equity market performance and overall higher volatility. Moreover, Global Macro and Fixed Income Arbitrage managers were largely able to limit their losses finishing the month down 0.63% and 0.79% respectively.”     

Performance for the Broad Index and its ten sub-strategies is calculated monthly. May, April and year-to-date returns are listed below.

Index

May

2010

April

2010

YTD

Broad Index

-2.76%

1.24%

1.48%

Convertible Arbitrage

-2.51%

1.69%

2.63%

Dedicated Short Bias

5.84%

-3.89%

-7.80%

Emerging Markets

-4.28%

1.01%

-0.78%

Equity Market Neutral

-3.30%

0.43%

-3.59%

Event Driven

-3.07%

1.89%

3.47%

   Distressed

-2.50%

1.69%

4.12%

   Event Driven Multi-Strat

-3.53%

2.09%

2.99%

   Risk Arbitrage

-1.52%

-0.10%

-0.24%

Fixed Income Arbitrage

-0.79%

1.75%

4.55%

Global Macro

-0.63%

1.65%

3.61%

Long/Short Equity

-4.13%

0.29%

-1.17%

Managed Futures

-4.03%

1.89%

-0.16%

Multi-Strategy

-2.19%

0.96%

1.30%

S&P 500 TRI Index*

-7.99%

1.58%

-1.50%

Dow Jones World Index*

-9.77%

0.32%

-6.75%

*Total Return Indices


In Depth

Kettera Q&A: The Advantages of Alternative Investment Platforms

Oct 28 2016 | 5:52pm ET

The past several years have seen a distinct push towards easier and cheaper access...

Lifestyle

Midtown's Plaza District Fades As Manhattan Office Landscape Shifts

Nov 22 2016 | 6:32pm ET

Lower leasing costs, more efficient office space and the hope of projecting an image...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR