The CSFB/Tremont Hedge Fund index rose 3.7% for June, according to...

The CSFB/Tremont Hedge Fund index rose 3.7% for June, according to Robert Sloan, CEO of Credit Suisse First Boston Tremont index. The long-short equity index posted the better return among the strategies in June, rising 6.1% for the month, while the convertible arbitrage index yielded the better year-to-date return, jumping 18.1% for the same period. The S&P 500 was up 2.4% for the month.