Hedge Fund Index Down -1.36% in June - Hedge Funds See Asset Inflows of $5.6 Billion for the Month
Press release from the issuing company
Monday, July 18th, 2011
Despite negative markets in June, hedge funds were able to attract new assets, with an estimated$5.6 billionflowing into the space during the month.
Oliver Schupp, President of Credit Suisse Index Co., LLC,said, "The Dow Jones Credit Suisse Hedge Fund Index fell 1.36% in June, with eight out of ten sectors posting negative performance for the month. Managed Futures continued to experience trading losses, falling -3.07%. Conversely, the Dedicated Short Bias strategy, which includes funds aiming to capitalize on deteriorating stock prices, was the best performing sector for the month, finishing up 1.57%." Schupp continued, "Despite overall negative performance, the industry continued to see inflows with an estimated$5.6 billionin assets entering the space in June. New inflows now total$33.3 billionyear-to-date. We currently estimate overall industry assets have fallen to$1.81 trillion."
Performance for the Broad Index and its ten sub-strategies is calculated monthly. June, May and YTD performance numbers are listed below:
|
Index |
June 2011 |
May 2011 |
YTD |
|
|
Broad Index |
-1.36% |
-0.96% |
1.65% |
|
|
Convertible Arbitrage |
-0.86% |
0.02% |
3.67% |
|
|
Dedicated Short Bias |
1.57% |
2.20% |
-4.91% |
|
|
Emerging Markets |
-0.65% |
-1.10% |
2.20% |
|
|
Equity Market Neutral |
-0.29% |
-1.03% |
5.54% |
|
|
Event Driven |
-2.16% |
-0.61% |
1.31% |
|
|
Distressed |
-0.70% |
0.01% |
3.11% |
|
|
Event Driven Multi-Strategy |
-3.08% |
-0.98% |
0.23% |
|
|
Risk Arbitrage |
-0.04% |
-1.05% |
2.94% |
|
|
Fixed Income Arbitrage |
0.06% |
0.21% |
3.53% |
|
|
Global Macro |
-1.11% |
-0.63% |
1.35% |
|
|
Long/Short Equity |
-1.49% |
-1.68% |
0.75% |
|
|
Managed Futures |
-3.07% |
-4.44% |
-3.40% |
|
|
Multi-Strategy |
-0.64% |
-0.05% |
4.38% |
|
|
Dow Jones Industrial Average |
-1.10% |
-1.53% |
8.59% |
|
|
Dow Jones Global Index |
-1.71 |
-2.49% |
3.47% |
|
