Monday, 6 July 2015
Last updated 8 hours ago
Aug 2 2013 | 10:05am ET
Hedge funds posted broad gains in July, according to Credit Suisse's industry replication indices.
The Credit Suisse Liquid Alternative Beta Index rose 1.67% last month, a far cry from the Standard & Poor's 500 Index's nearly 5% surge. The index is now up 3.91% on the year.
Four of the suite's five strategies also posted gains in July, led by long/short, up 3.61% (4.61% year-to-date). Event-driven added 2.63% (5.42% YTD), merger arbitrage 1.24% (5.84% YTD) and global strategies 0.85% (3.2% YTD).
Only managed futures fell in July, shedding 1.2%. The strategy remains up 4.88% 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…