Hedge Funds Post Small May Gain

Jun 5 2014 | 11:04am ET

While the stock market continues to set records, hedge funds continue to fall behind, according to a set of industry replication indices.

The average hedge fund rose 0.61% in May, the Credit Suisse Liquid Alternative Beta Index shows. The Standard & Poor’s 500 Index gained 2.1% on the month.

Year-to-date, the gap is just as striking, with the S&P up over 4% and the LAB index up just 1.6%.

Long/short was the best-performing strategy tracked by the LAB suite in May, rising 1.81% (2.82% YTD). Global strategies added 0.57% (0.88% YTD) and managed futures 0.47% (down 4.4% YTD).

Merger arbitrage took a big hit in May, falling 1.55% (down 2.48% YTD). Event-driven dipped 0.15% on the month (up 2.48% YTD).


In Depth

GSAM's Papagiannis: Liquid Alternatives For The Long Run

Apr 21 2017 | 8:44pm ET

Interest in liquid alternatives cooled a bit last year amid a broad shift in investor...

Lifestyle

Aston Martin Returns To Debt Market As DB11 Drives Turnaround

Mar 31 2017 | 5:21pm ET

James Bond’s preferred carmaker is returning to the public debt markets for the...

Guest Contributor

Debunking Conventional Investment Wisdom (Part II)

Apr 17 2017 | 5:56pm ET

The alternative investment industry is currently replete with buzzwords around data...

 

From the current issue of