“We are pleased to offer industry commentary that provides invaluable information to investors and enables an accurate, up-to-date knowledge gathering of the hedge fund industry,” said Oliver Schupp, President of Credit Suisse Index Co., Inc. “With access to the broadest database of hedge funds and the most representative barometer of the hedge fund industry, Credit Suisse performs periodic in-depth analysis of industry trends and news.”
Some of the findings in Emerging Markets Trends in the Hedge Fund Industry include the following:
- While some hedge fund observers have speculated that hedge funds may be headed for a financial crisis similar to the 1997-1998 Asian Financial Crisis, the Emerging Markets sector of the Credit Suisse/Tremont Hedge Fund Index remains resilient and exhibits continued potential for positive growth.
- Compared with the 1997-1998 periods, the current emerging market environment remains healthy, with corporate profits exceeding expectations, default rates falling to their lowest level in years, disciplined fiscal policies, floating currencies, trade surpluses, paid-off foreign currency debt, and improved corporate earnings and governance.
- The individual member funds of the Credit Suisse/Tremont Emerging Markets Index performed visibly differently to each other during the 24 month period leading up to the market corrections of 1998 compared with 2006. In sharp contrast, the presence of performance outliers during the 1998 period suggested a pattern of wider diffusion and generally more volatile market environment.
- A changing investor profile from high net worth individuals to large-scale institutions may explain why lower levels of volatility are the trend as investors’ risk appetite declines.
Credit Suisse/Tremont industry commentaries and publications are available on the Research page in the News & Press section of our website, www.hedgeindex.com.
Oliver Schupp, Credit Suisse, telephone 212 538 8179, firstname.lastname@example.org
Robert I. Schulman, Tremont, telephone 914 925 1140
Meg Bode, Bode Associates, telephone 516 869 6610, email@example.com
John Gallagher, Credit Suisse, telephone 212 325 0932, firstname.lastname@example.org
Tremont Group Holdings, Inc.
Tremont Group Holdings, Inc. is a leading hedge fund asset management firm, which provides and manages investment products and customized portfolios, and offers related services, on a worldwide basis. Currently managing approximately $8 billion in assets, Tremont maintains offices in Rye, New York; London; Toronto and Hong Kong.
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