Hedge funds record biggest loss since GFC

hedge-funds/equity-markets/credit-suisse/cent/

16 June 2010
| By Chris Kennedy |

The Credit Suisse/Tremont Hedge Fund Index has recorded its largest drop since November 2008, losing 2.76 per cent in May — although it still comfortably outperformed other equity markets.

Nine out of 10 sectors within the index posted negative performances for the month, with only dedicated short bias performing positively, gaining 5.84 per cent in May as managers benefited from negative equity market performance and overall higher volatility, according to president of Credit Suisse Index Oliver Schupp.

“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,” he said.

Global Macro and Fixed Income Arbitrage managers were largely able to limit their losses, finishing the month down 0.63% and 0.79% respectively.

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

2 months ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

2 months ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

4 months ago

Entireti has unveiled the new name for the AMP financial advice businesses that it acquired last year....

4 weeks 1 day ago

A Sydney financial adviser has been permanently banned from providing any financial services, with the regulator deriding his “lack of integrity, trustworthiness and prof...

3 weeks ago

Minister for Financial Services, Stephen Jones, has provided further information about the second tranche of the Delivering Better Financial Outcomes (DBFO) reforms....

1 week 6 days ago

TOP PERFORMING FUNDS