"Extreme market turmoil during the first two weeks of August led to a technical sell-off, sudden spike in volatility and a subsequent drop in performance for equity market neutral funds” according to Oliver Schupp, president, Credit Suisse Index Co., Inc. “Despite the downfall, many managers believe the sell-off was due to massive deleveraging and cash-raising activities. Cautious optimism has now returned as liquidity infusions take effect and investor fears have calmed. As the flow of redemptions has been stemmed, an upward trend in performance has taken place in the Credit Suisse/Tremont Equity Market Neutral Sector Invest Index.”
The Credit Suisse/Tremont family of hedge fund indices includes three separate indices:
- The Hedge Fund Index (the “Broad Index”), an asset-weighted benchmark that measures hedge fund performance;
- The Blue Chip Investable Index (“INVX”), an investable index comprised of 60 funds across the ten style-based sectors in the broad index that are open to investment; and
- The Sector Invest Indices, which provide investment access to any of the ten style-based sectors in the broad index on an individual basis.
Credit Suisse Index Co. industry commentaries and publications are available on the Research page in the News & Press section of our website, www.hedgeindex.com.
Information
Oliver Schupp, Credit Suisse, telephone 212 538 8179, oliver.schupp@credit-suisse.com
Meg Bode, Bode Associates, telephone 516 869 6610, meg@bodeassociates.com
Suzanne Fleming, Credit Suisse, telephone 212 325 7396,
suzanne.fleming@credit-suisse.com
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