The CSFB/Tremont Hedge Fund Index is down 0.23% for May 2004, according to Oliver Schupp, President of Credit Suisse First Boston Tremont Index LLC. “Exogenous factors continue to drive the overall market conditions – fears of interest rate hikes, terrorist attacks, rising oil prices and a slowdown in China,” says Schupp.
“The dedicated short bias managers were the strongest performers again for the month, despite a rebound at the end of the month that resulted in slightly higher U.S. equity prices,” adds Robert I. Schulman, Co-Chief Executive Officer of Tremont Capital Management, Inc.