Tuesday, 30 June 2015
Last updated 7 hours ago
Jul 3 2013 | 2:36am ET
Hedge funds were hit by last month’s market volatility, falling more than 1%, according to an industry replication index.
The Credit Suisse Alternative Beta Index dropped 1.07% in June, cutting its year-to-date gains to 2.2%. The event-driven strategy weighed heavily on the benchmark, falling 1.8% on the month (up 2.71% year-to-date).
Long/short lost 1.55% in June (up 0.96% YTD) and merger arbitrage 0.91% (up 4.55% YTD). Global strategies shed 0.68% (up 2.34% YTD).
Of strategies tracked by the LAB indices, only managed futures managed a positive return in June, adding 0.69% (6.15% YTD).
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…