New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into January Hedge Fund Performance
New York, February 21, 2013 - The Dow Jones Credit Suisse Hedge Fund Index finished up 2.07% in January. A new monthly commentary offers insight into hedge fund performance through the month of January. Some key findings from the report include:
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished January up 2.07%, with 9 out of 10 strategies in positive territory;
In total, the industry saw estimated outflows of approximately $9.3 billion in January, bringing overall assets under management for the industry to approximately $1.78 trillion;
The Multi-Strategy and Equity Market Neutral sectors experienced the largest asset inflows on a percentage basis, with inflows in January equal to 0.78% and 0.19% of the December 2012 levels, respectively;
Event Driven funds sustained positive performance in January from a combination of situation specific events and broad based market rally. Contributors for the month were both credit and equity asset classes, which drove performance for long holdings; and
Long/Short Equity funds produced positive returns in January. Managers with exposure to Healthcare benefited from long positions in companies that announced positive earnings, merger speculation and private equity interest.
Industry commentaries and publications are available in the "News" section of our website, www.hedgeindex.com. Click here to view the full report which includes an overview of January hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
Press Contacts
Credit Suisse
Katherine Herring, Corporate Communications, +1-212-325-7545, katherine.herring@credit-suisse.com
S&P Dow Jones Indices
Dave Guarino, +1-212-438-1471, dave_guarino@spdji.com
About S&P Dow Jones Indices
S&P Dow Jones Indices LLC, a subsidiary of The McGraw-Hill Companies is the world’s largest, global resource for index-based concepts, data and research. Home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average, S&P Dow Jones Indices LLC has over 115 years of experience constructing innovative and transparent solutions that fulfill the needs of institutional and retail investors. More assets are invested in products based upon our indices than any other provider in the world. With over 830,000 indices covering a wide range of assets classes across the globe, S&P Dow Jones Indices LLC defines the way investors measure and trade the markets. To learn more about our company, please visit www.spdji.com.
About Credit Suisse AG
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 47,400 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.
Copyright © 2013, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
Source: Credit Suisse Asset Management, LLC, 2013.
Certain information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide or indicator to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
