Dow Jones Credit Suisse Hedge Fund Index up 1.80% in April

Date: Wednesday, May 18, 2011
Author: Wendy Chothia, HedgeWeek

The Dow Jones Credit Suisse Hedge Fund Index finished up 1.80% in April, with estimated new asset flows totalling USD9bn.

Oliver Schupp, President of Credit Suisse Index Co., LLC, says, "Nine out of ten sectors posted positive performance for the month. Managed Futures was the best performing sector for the month, finishing up 5.40%. Overall, the industry continued to see inflows with an estimated USD9 billion in assets entering the space in April for a total of USD35 billion in new inflows year-to-date, this brings overall industry assets to USD1.84 trillion, the highest level since 2008."