Thursday, 28 May 2015
Last updated 31 min ago
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).
May 27 2015 | 2:15pm ET
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