NEW YORK, June 22, 2012 /PRNewswire/ -- The Dow Jones
Credit Suisse Hedge Fund Index finished down 1.33% in May. A new
monthly commentary offers insight into hedge fund performance
through the month of May. Some key findings from the report
include:
- Hedge funds, as measured by the Dow Jones Credit Suisse Hedge
Fund Index, finished May down 1.33%, with 4 out of 10 strategies in
positive territory;
- In total, the industry saw estimated outflows of approximately
$2.39 billion in May, bringing
overall assets under management for the industry to approximately
$1.73 trillion;
- The Dedicated Short Bias and Fixed Income Arbitrage sectors
experienced the largest asset inflows on a percentage basis in May,
with inflows of 1.39% and 0.59% from April
2012 levels, respectively;
- Long/Short Equity funds experienced a difficult month in May
with overall negative performance as global equity markets sold off
sharply on renewed sovereign debt issues in the Eurozone along with
worsening global macroeconomic data; and
- Fixed Income Arbitrage managers posted somewhat positive
performance. While interest rate markets showed greater stability
during the first months of the year, May saw increased interest
rate volatility, spread movement, and more abundant pricing
dislocations.
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Industry commentaries and publications are available in the
"News" section of our website, www.hedgeindex.com. Click here 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.
About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service
index provider that develops, maintains and licenses indexes for
use as benchmarks and as the basis of investment products.
Best-known for the Dow Jones Industrial Average, Dow Jones Indexes
offers more than 130,000 equity indexes as well as fixed-income and
alternative indexes, including measures of hedge funds, commodities
and real estate. Dow Jones Indexes employs clear, unbiased and
systematic methodologies that are fully integrated within index
families. Dow Jones Indexes is part of a joint venture company
owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10
percent by Dow Jones & Company, Inc. (www.dowjones.com), a News
Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV;
www.newscorp.com).
About Credit Suisse AG
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial
services providers and is part of the Credit Suisse group of
companies (referred to here as 'Credit Suisse'). As an integrated
bank, Credit Suisse offers clients its combined expertise in the
areas of private banking, investment banking and asset management.
Credit Suisse provides advisory services, comprehensive solutions
and innovative products to companies, institutional clients and
high-net-worth private clients globally, as well as to retail
clients in Switzerland. Credit
Suisse is headquartered in Zurich
and operates in over 50 countries worldwide. The group employs
approximately 48,700 people. The registered shares (CSGN) of Credit
Suisse's parent company, Credit Suisse Group AG, are listed in
Switzerland and, in the form of
American Depositary Shares (CS), in New
York. Further information about Credit Suisse can be found
at www.credit-suisse.com.
Asset Management
In its Asset Management business, Credit Suisse offers products
across a broad spectrum of investment classes, including hedge
funds, credit, index, real estate, commodities and private equity
products, as well as multi-asset class solutions, which include
equities and fixed income products. Credit Suisse's Asset
Management business manages portfolios, mutual funds and other
investment vehicles for a broad spectrum of clients ranging from
governments, institutions and corporations to private individuals.
With offices focused on asset management in 19 countries, Credit
Suisse's Asset Management business is operated as a globally
integrated network to deliver the bank's best investment ideas and
capabilities to clients around the world.
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Copyright © 2012, CREDIT SUISSE GROUP AG and/or its
affiliates. All rights reserved.
Certain information contained in this document constitutes
"Forward-Looking Statements" (including observations about markets
and industry and regulatory trends as of the original date of this
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terminology such as "may", "will", "should", "expect",
"anticipate", "target", "project", "estimate", "intend", "continue"
or "believe", or the negatives thereof or other variations thereon
or comparable terminology. Due to various risks and uncertainties
beyond our control, actual events, results or performance may
differ materially from those reflected or contemplated in such
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This document was produced by and the opinions expressed are
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SOURCE Credit Suisse AG