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Opalesque Industry Update - Despite a difficult market environment in May, hedge funds continued to attract new assets, with an estimated $1.5 billion flowing 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 0.96% in May, with seven out of ten sectors posting negative performance for the month. Managed Futures experienced the most significant decline, falling -4.44%. 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 2.20%." Schupp continued, "Despite overall negative performance, the industry continued to see inflows with an estimated $1.5 billion in assets entering the space in May. Total new inflows now total $28.6 billion year-to-date, bringing overall industry assets to $1.82 trillion." Performance for the Broad Index and its ten sub-strategies is calculated monthly. Full press release and performance table: Source Bg |
Industry Updates
Dow Jones Credit Suisse Hedge Fund Index down -0.96% in May (+3.05% YTD), as industry sees inflows of $1.5bn for the month
Wednesday, June 15, 2011
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