Despite negative markets in June, hedge funds were able to attract new assets, with an estimated $5.6 billion flowing into the space during the month.
Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Hedge Fund Index fell 1.36% in June, with eight out of ten sectors posting negative performance for the month. Managed Futures continued to experience trading losses, falling -3.07%. Conversely, the Dedicated Short Bias strategy, which includes funds aiming to capitalize on deteriorating stock prices, was the best performing sector for the month, finishing up 1.57%."
Schupp continued, "Despite overall negative performance, the industry continued to see inflows with an estimated $5.6 billion in assets entering the space in June. New inflows now total $33.3 billion year-to-date. We currently estimate overall industry assets have fallen to $1.81 trillion."
Performance for the Broad Index and its ten sub-strategies is calculated monthly. June, May and YTD performance numbers are are available at www.hedgeindex.com.
No comments:
Post a Comment