The Dow Jones Credit Suisse Core Hedge Fund Index finished down 1.95% in June, according to the latest results for the index.
Oliver Schupp, President of Credit Suisse Index Co, LLC, says: "Headlines over Eurozone debt concerns dominated markets and set the tone for a second consecutive negative month of hedge fund performance in June. Overall, the Dow Jones Credit Suisse Core Hedge Fund Index lost 1.95% for the month.
"A lack of fundamentally driven trends hurt many managers, with Global Macro experiencing the most significant decline, falling 3.12%. Fixed Income Arbitrage was the month’s only bright spot. The sector gained 0.20% as managers benefited from increased interest rate volatility and widening swap spreads. The strategy remains up 2.38% year-to-date."
