New York (HedgeCo.net) – The Credit Suisse Liquid Alternative Beta Index was up 0.83% in May and that reversed the loss of 0.38% in April. The index, which was designed to be used as a barometer for the overall hedge fund industry, is now up 3.08% on the year.

The report also shows that the top performing index thus far in 2015 is the Credit Suisse Managed Futures Liquid Index with a gain of 7.81% and the Credit Suisse Event Driven Index is in second with a gain of 4.28%. For the month of May, the best performing index was the Credit Suisse Long/Short Liquid Index with a gain of 1.28%. The second best performing index for the month was the Credit Suisse Global Strategies Index with a gain of 1.0%.

The Credit Suisse Merger Arbitrage Liquid Index lagged in May with a loss of 0.09% and the index is the worst performing index YTD with a gain of 1.46%. Given the amount of M&A activity in 2015, it is hard to believe the merger arbitrage index is the worst performing index.

Rick Pendergraft
Research Analyst
HedgeCoVest