Hedge Funds Fall 2.32% In May

Jun 4 2012 | 2:56pm ET

Hedge funds slipped into the red in May as most strategies suffered sizeable losses.

The Credit Suisse Liquid Alternative Beta Index fell 2.32% last month. The loss leaves the benchmark down 0.43% on the year. But it lost less than the Standard & Poor's 500 Index in May, when the broad market benchmark fell more than 6%, although the S&P 500 remains up on the year.

Four of the five strategies tracked by the LAB indices took a loss in May. Event-driven funds dropped 3.76% (down 0.05% year-to-date) and long/short funds 3.64% (down 0.14% YTD). Merger arbitrage funds dipped 1.66% (down 1.67% YTD) and global strategies 1.36% (down 0.77% YTD).

Only managed futures funds saw gains last month. The strategy added 2.5% in May to pull out of the red, leaving it up 0.46% on the year.


In Depth

MiFID2 For U.S. Firms: Key Questions Answered

Feb 27 2017 | 4:54pm ET

The January 2018 deadline for implementation of the EU’s mammoth MiFID2 regulations...

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