Tuesday, 1 December 2015
Last updated 13 hours ago
Jul 2 2009 | 12:27pm ET
Hedge funds posted mixed returns in June, according to the first—very preliminary—index returns.
The Credit Suisse Long/Short Equity Replication Index fell 0.57% last month, Credit Suisse said. Macro funds, by contrast, enjoyed a 0.33% return in June.
“Following May, which was one of the better performing months for hedge funds in recent history, June generated mixed performance both for hedge funds and broad market indices,” Jordan Drachman, head of research for alternative beta strategies at CS, said.
“As suggested by these returns, hedge funds appear to remain cautious in the face of broad market uncertainty. However, many funds are poised to capitalize on forthcoming market rallies by maintaining a positive net exposure to equity markets.”
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…