Despite negative markets in June, hedge funds were able to attract new assets, with an estimated USD5.6 billion flowing into the space during the month.
Oliver Schupp, President of Credit Suisse Index Co, LLC, says: "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%.
"Despite overall negative performance, the industry continued to see inflows with an estimated USD5.6 billion in assets entering the space in June. New inflows now total USD33.3 billion year-to-date. We currently estimate overall industry assets have fallen to USD1.81 trillion."
Performance for the Broad Index and its ten sub-strategies is calculated monthly. June, May and YTD performance numbers are listed below and are available at www.hedgeindex.com.
No funds were added to the Dow Jones Credit Suisse Hedge Fund Index in June.
The following fund is no longer reporting to the Dow Jones Credit Suisse Hedge Fund Index: Copper River Partners LP.
