Monday, 31 August 2015
Last updated 2 days ago
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.
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…