Opalesque Exclusive: Credit Suisse/Tremont Hedge Fund Index returns 4% in May, 6.7% YTD, best in 9 years – May and Q1-09 review in numbers
Tuesday, June 30, 2009
By Benedicte Gravrand, Opalesque London:
The Credit Suisse/Tremont Hedge Fund Index has just announced a return of 4.06% for the month of May and 6.72% YTD – although the S&P 500 which is at 5.59% (2.96% YTD), and the MSCI World which is at 8.62% (5.41% YTD) did better in May.
It was the largest monthly gain since February 2000 as hedge fund managers have apparently been showing an increased appetite for risk. So there are signs of recovery, and signs of optimism too although many pundits are claiming the economic fundamentals do not justify any kind of optimism and that there may yet be more slumps coming our way.
The HFRI Fund Weighted Composite Index (see performance ......................