Sunday, 4 October 2015
Last updated 2 days ago
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).
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…