Saturday, 23 August 2014
Last updated 22 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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note