Hedge Fund Replication Index Adds 0.62% In June, 2.22% In First Half

Jul 2 2014 | 12:55pm ET

Hedge funds posted another month of pedestrian returns to close out the first half, according to an industry replication index.

The Credit Suisse Liquid Alternative Beta Index returned just 0.62% in June to pad its 2.22% return for the first half. By contrast, the Standard & Poor’s 500 Index rose about 2% in June alone, and is up over 6% on the year.

Long/short equity was the best-performing LAB subindex with a 0.91% rise (3.75% year-to-date). Event-driven returned 0.62% (3.11% YTD) and global strategies 0.54% (1.42% YTD). Managed futures were flat (down 4.4% YTD), and merger arbitrage inched down 0.05% (down 2.53% YTD).


In Depth

Q&A: Fund Administration Comes To The Cloud

Jul 14 2017 | 7:23pm ET

The fund administration sector has been steadily implementing new technology, such...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Maglan Capital: Some Lessons Learned From Puerto Rico

Jul 13 2017 | 8:00pm ET

Although Maglan Capital has not been invested in Puerto Rico for more than three...

 

From the current issue of