New Credit Suisse Hedge Fund Index Commentary Offers Insight into June Hedge Fund Performance
New York, July 19, 2013 - The Credit Suisse Hedge Fund Index finished down 1.66% in June. A new monthly commentary offers insight into hedge fund performance through the month of June. Some key findings from the report include:
Hedge funds, as measured by the Credit Suisse Hedge Fund Index, finished June down 1.66%, with 2 out of 10 strategies in positive territory;
In total, the industry saw estimated outflows of approximately $1.09 billion in June, bringing overall assets under management for the industry to approximately $1.95 trillion;
The Equity Market Neutral sector experienced the largest asset inflows on a percentage basis, with inflows in June equal to 1.11% of the May 2013 levels;
Event Driven funds experienced modestly negative performance against the backdrop of general market fears of a reduction in global central bank liquidity; and,
Long/Short Equity funds posted overall negative performance in June as global equity markets slid during the latter half of the month.
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 June hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
Katherine Herring, Corporate Communications, +1-212-325-7545, firstname.lastname@example.org
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Source: Credit Suisse Asset Management, LLC, 2013.
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