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