Hedge funds gain favour
Despite tightening credit conditions, hedge funds are continuing to gain favour, with the latest Credit Suisse/Tremont Hedge Fund Index up 2 per cent in May.
The president of Credit Suisse Index Company, Oliver Schupp, said the index had been up in circumstances where hedge funds had continued to generate positive performance across strategies.
“We estimate that each of the 10 hedge fund sectors will end May with gains for the month, with long/short equity being the highest performing sector,” he said.
The Credit Suisse/Tremont Hedge Fund Index is comprised of 481 funds and includes both open and closed funds located in the US and offshore, but does not include fund of funds.
AUTHOR
Mike Taylor
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