Opalesque Industry Updates - Market uncertainty led to mixed hedge fund returns in June, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.
Dr. Drachman noted, “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.
The Credit Suisse Long/Short Equity Replication Index (“AIR Long/Short Equity Index”) was down 0.57% (net) for the month, while the Credit Suisse Global Macro Replication Index (“AIR Global Macro Index”) finished up 0.33% (net) over the same period.
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 positi...
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