NEW YORK, June 23, 2011 /PRNewswire/ -- A new Dow Jones Credit Suisse Hedge Fund Indexmonthly commentary offers insight into May hedge fund performance. Some key findings from the report include:
- The Dow Jones Credit Suisse Hedge Fund Index posted negative performance in May, finishing down -0.96%, with three out of ten strategies posting positive performance for the month.
- Dedicated Short Bias was the best performing sector in May. The strategy gained 2.20% as managers capitalized on negative momentum across the equity space.
- Long/Short Equity funds posted negative performance of -1.68% for the month, but still outperformed long-only benchmarks on both a relative and net exposure-adjusted basis.
- Managed Futures reversed from its positive performance in April when it posted a gain of 5.40% and fell in May posting a loss of -4.44% after a pullback in commodities.
Industry commentaries and publications are available on the Research section of our website, www.hedgeindex.com. Clickhere 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.
SOURCE Credit Suisse AG
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