Credit Suisse/Tremont Index shows strong rise in June
The Credit Suisse/Tremont Hedge Fund Index is up 0.78% in June, according to Oliver Schupp, President of the Credit Suisse Index Co, Inc. The Index is up 8.70% YTD.
'Equity markets were impacted this month amid sharply rising yields since the beginning of June and speculation that subprime mortgages will continue their decline,' says Schupp.
'Similarly, a rise in oil prices to a 10-month high corresponded with a slowdown of consumer spending, leading U.S. Federal Reserve policy makers to forecast the economy will grow at a "moderate" pace in the second half of the year. As a result, Chairman Bernanke left interest rates unchanged and noted that inflation is the "predominate" risk facing the economy pending more evidence that a deceleration could be sustained. Managed Futures, in particular, was up 3.03% in June as managers generally profited from fixed income and currency plays, while commodities contributed positively to the sector's performance.'
The Credit Suisse Investable Hedge Fund Index is up 0.28% for June and 6.36% YTD.
- By Category
- News from other sites
- Special Reports
- Partner events