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Credit Suisse/Tremont Hedge Fund Index posts negative May returns of -2.76% (1.48% YTD)

Tuesday, June 15, 2010
Opalesque Industry Update - Final performance for the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is confirmed down 2.76% in May, its largest drop since November 2008

Oliver Schupp, President of Credit Suisse Index Co., Inc., said, “The Credit/Suisse Tremont Hedge Fund Index fell 2.76% in May, with nine out of ten sectors posting negative performance for the month.

"Although the industry was negatively impacted by the market sell-offs, hedge funds outperformed equity market indices such as the S&P 500 and MSCI World which fell 7.99% and 9.77% respectively in May. Dedicated Short Bias was the only sector to generate positive performance, gaining 5.84% for the month as managers benefited from negative equity market performance and overall higher volatility. Moreover, Global Macro and Fixed Income Arbitrage managers were largely able to limit their losses finishing the month down 0.63% and 0.79% respectively.”

Performance for the Broad Index and its ten sub-strategies is calculated monthly. May, April and year-to-date returns are listed Source.


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