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.
Meg Bode, Bode Associates, telephone 516 869 6610, firstname.lastname@example.org
Suzanne Fleming, Corporate Communications, Credit Suisse, telephone 212 325 7396, email@example.com
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