Thursday, 28 August 2014
Last updated 7 hours ago
Jul 16 2007 | 12:09pm ET
Hedge fund returns cooled in June, according to the Credit Suisse Index Co., but were still in positive territory in spite of a treacherous month in the markets.
The Credit Suisse/Tremont Hedge Fund Index rose 0.78% last month and is now up 8.7% on the year. By contrast, the Standard & Poor’s 500 was battered by “sharply rising yields since the beginning of June and speculation that sub-prime mortgages will continue their decline,” Oliver Schupp, CS Index Co. president, said. Indeed, the broad-market index fell 1.66% last month; its year-to-date return sits at 6.96%.
Indeed, all 13 of CS’ sub-strategies and sub-sub-strategies posted positive returns last month save one: Risk arbitrage was flat on the month (up 4.91% YTD). But none had quite the month that managed futures did, as that strategy index soared 3.03% (7.38% YTD) “as managers generally profited from fixed-income and currency plays, while commodities contributed positively to the sector’s performance,” Schupp noted.
Other strong June performances were turned in by emerging markets (1.83%, 9.29% YTD), global macro (1.22%, 7.95% YTD) and dedicated short bias (1.2%, -2.15% YTD).
For the year, event-driven strategies remain the top-performers, with event-driven multi-strategy up 12.42% year to date after a 0.61% return in June and all event-driven funds covered by CS/Tremont up 10.8% in 2007 after rising 0.73% last month.
The Credit Suisse/Tremont Investable Hedge Fund Index was also in the black last month, rising 0.28%, though its year-to-date performance lags the S&P500 at 6.36%.
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
Commodities/Futures magazine launched at the precipice of a revolution in the futures industry—really a revolution in the idea of risk management—that would move it from a small niche industry to ...