Replication Index Shows Hedge Funds Flat In May

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).


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR