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

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...

 

From the current issue of