Tuesday, 1 December 2015
Last updated 12 hours ago
Jun 16 2008 | 2:27pm ET
Hedge funds posted their best returns of the year in May, bringing their year-to-date performance into positive ground, the Credit Suisse Index Co. reports.
“The Credit Suisse/Tremont Hedge Fund Index finished up 2% in May, which is the highest monthly return we’ve seen this year,” Oliver Schupp, president of the CS Index Co., said. “Despite tightened credit conditions in the financial sector, hedge funds have continued to generate positive performance across strategies.”
Hedge funds are now up 0.52% on the year, the index shows.
Long/short equity funds led the way, rising 2.91% in May (up 0.86% year-to-date). Emerging markets and event-driven risk arbitrage also had a strong month, returning 2.14% (down 1.99% YTD) and 2.2% (down 1.11% YTD), respectively.
In fact, just one of the dozen strategies and sub-strategies tracked by Credit Suisse was in the red last month: risk arbitrage, down 0.18% (up 3.52% YTD).
Managed futures and global macro funds remain the best-performing strategies on the year. The former is up 9.6% this year after a 1.44% May return, while the latter is up 7.08% after rising 1.8% last month.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…