Tuesday, 13 October 2015
Last updated 9 hours ago
Jun 5 2013 | 11:57am ET
Hedge funds were flat in May, continuing to miss out on the ongoing market rally, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index neither gained nor lost ground last month, while the Standard & Poor's 500 Index rose a further 2% to reach 15.4% on the year. The Credit Suisse hedge fund benchmark is up just 3.3% in 2013.
Merger arbitrage was the best-performing strategy last month, rising 1.25% (5.5% year-to-date). Long/short added 0.48% (2.55% YTD) and event-driven 0.23% (4.59% YTD).
Managed futures fell 0.43% in May (up 5.43% YTD), while global strategies lost 0.21% (up 3.04% YTD).
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…