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April 20, 2009

Hedge Funds Post Positive Returns in March to Finish the First Quarter up 0.85% as Risk Appetite Returns to Global Markets

New York, April 20, 2008 The Credit Suisse/Tremont Broad Hedge Fund Index finished up 0.65% in March, as the return of risk appetite in the markets challenges many managers’ assumptions of a secondary downturn. A Credit Suisse/Tremont Hedge Fund Index monthly commentary provides insight.

 

Key findings from the report:

 

n         The Global Macro sector had another positive month to become the only hedge fund strategy in the Broad Index to post five consecutive months of positive returns

n         Emerging Markets was the top performing strategy returning 2.2%, benefiting from stronger commodities markets and the re-emergence of risk appetite in equities markets

n         Long/Short Equity funds were defensively positioned coming into March and thus had limited participation in the equity rallies, generating 1.9% in returns versus the MSCI World’s 7.2%

n         Convertible Arbitrage had a third consecutive positive month, returning 1.1%, and a healthy 7.7% year-to-date, solidifying the strategy’s recovery from the severe devaluation it suffered in the last four months of 2008

 

The report also includes an overview of March hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

 

Credit Suisse Tremont Index LLC industry commentaries and publications are available on the Research section of our website, www.hedgeindex.com. Click here to view the full report.

 

Information

Meg Bode, Bode Associates, telephone 516 869 6610, meg@bodeassociates.com

Suzanne Fleming, Corporate Communications, Credit Suisse, telephone 212 325 7396, suzanne.fleming@credit-suisse.com

 

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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.

 

 

 

 


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