Insight into April Hedge Fund Performance/ May Down 1.50%

The Dow Jones Credit Suisse Hedge Fund Index finished down 0.04% in April. A new monthly commentary offers insight into hedge fund performance through the month of April. Some key findings from the report include:

_ Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished April down 0.04%, with 4 out of 10 strategies in positive territory;

_ In total, the industry saw estimated outflows of approximately $8.35 billion in April, bringing overall assets under management for the industry to approximately $1.75 trillion;

_ The Managed Futures and Multi-Strategy sectors experienced the largest asset inflows on a percentage basis in April, with inflows of 0.53% and 0.14% from March 2012 levels, respectively;

_ Long/Short Equity funds finished down in April, ending a three-month positive performance run, as broader equity benchmarks finished in negative territory for the month; and

_ Global Macro generated negative performance as a whole. Funds commonly reduced risk exposures as macroeconomic data continued to show weakness.

The Dow Jones Credit Suisse Core Hedge Fund Index closed down 1.50% in May as most of the index component strategies reported negative results for May.