Sat, Nov 29, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Dow Jones Credit Suisse’s May report says hedge fund industry saw outflows $2.39bn

Friday, June 22, 2012
Opalesque Industry Update – The Dow Jones Credit Suisse Hedge Fund Index finished down 1.33% in May 2012 and 2.61% YTD (initial announcement). A new monthly commentary offers insight into hedge fund performance through the month of May. Some key findings from the report include:

  • Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished May down 1.33%, with 4 out of 10 strategies in positive territory;
  • In total, the industry saw estimated outflows of approximately $2.39 billion in May, bringing overall assets under management for the industry to approximately $1.73 trillion;
  • The Dedicated Short Bias and Fixed Income Arbitrage sectors experienced the largest asset inflows on a percentage basis in May, with inflows of 1.39% and 0.59% from April 2012 levels, respectively;
  • Long/Short Equity funds experienced a difficult month in May with overall negative performance as global equity markets sold off sharply on renewed sovereign debt issues in the Eurozone along with worsening global macroeconomic data; and
  • Fixed Income Arbitrage managers posted somewhat positive performance. While interest rate markets showed greater stability during the first months of the year, May saw increased interest rate volatility, spread movement, and more abundant pricing dislocations.

Industry commentaries and publications are available in the "News" section of our website, www.hedgeindex.com.

Click here to view the full report which includes an overview of May hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

(press release)

Bg

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  2. Opalesque Roundtable: Islamic Finance races ahead with Sukuk, the first managed account platform, and foreign demand[more]

    Komfie Manalo, Opalesque Asia: A number of developments took place within Islamic finance in the past years, including the launch of a Islamic managed account platform and the further growth of the sukuk space that saw this instrument evolve from being a type of an ABS security that was rarely

  3. Fund Profile - A complex hedge fund strategy works for United Technologies[more]

    From Institutionalinvestor.com: Reports that portable alpha is dead have been greatly exaggerated, as Mark Twain might have phrased it. Another Connecticut Yankee, giant United Technologies Corp., is gearing up to grow its successful, nearly decade-long portable-alpha program. The UTC strategy took

  4. Opalesque Exclusive: The unintended consequences of Basel III[more]

    Benedicte Gravrand, Opalesque Geneva: Bijesh Amin, co-founder and managing director of Indus Valley Partners (IVP), a technology solutions and services firm focused on the alternative asset management industry, has recently observed

  5. Legal - Six years after AIG takeover, lawsuit reveals another potential buyer[more]

    From Institutional investor.com: When former Treasury secretary Henry (Hank) Paulson Jr. testified in a suit last month about the U.S. government takeover of American International Group, his words were — mostly — numbingly familiar. Explaining the “punitive” terms set for the September 2008 bailout