Press Releases & Announcements       
Back to Press Release & Announcement Index

May 19, 2009

Hedge Funds Post Positive Returns in April But Managers Remain Cautious

New York, May 19, 2009 The Credit Suisse/Tremont Hedge Fund Index finished up 1.68% in April, with Emerging Markets and Convertible Arbitrage the leading performers, while many Long/Short Equity managers remained defensively positioned. A Credit Suisse/Tremont Hedge Fund Index monthly commentary provides insight.


Key findings from the report:


n         Emerging Markets was the top performing strategy, returning 5.2%, benefiting from global optimism as well as high oil prices

n         With an eye on the overall weak economic backdrop, a number of Long/Short Equity funds maintained a cautious stance with regard to the global markets, generating 2.5% in returns versus the MSCI World’s 10.9%

n         Relative Value strategies benefited from favorable credit market conditions, with Convertible Arbitrage continuing to generate positive performance with 4.5% for the month and 12.6% YTD

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


The report also includes an overview of April 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, Click here to view the full report.



Meg Bode, Bode Associates, telephone 516 869 6610,

Suzanne Fleming, Corporate Communications, Credit Suisse, telephone 212 325 7396,


Credit Suisse

As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 46,700 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. 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


Asset Management

In its asset management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income and multi-asset class products, to alternative investments such as real estate, hedge funds, private equity and volatility management. Credit Suisse’s asset management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 23 countries, Credit Suisse’s asset management business is operated as a globally integrated network to deliver the bank’s best investment ideas and capabilities to clients around the world.


All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.


#   #   #   #   #



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. 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 necessarily a guide to the future. 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.


This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act. In addition, in the future we, and others on our behalf, may make statements that constitute forward-looking statements. Such forward-looking statements may include, without limitation, statements relating to the following:

        our plans, objectives or goals;

        our future economic performance or prospects;

        the potential effect on our future performance of certain contingencies; and

        assumptions underlying any such statements.

Words such as “believes,” “anticipates,” “expects,” “intends” and “plans” and similar expressions are intended to identify forward-looking statements but are not the exclusive means of identifying such statements. We do not intend to update these forward-looking statements except as may be required by applicable securities laws. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and risks exist that predictions, forecasts, projections and other outcomes described or implied in forward-looking statements will not be achieved. We caution you that a number of important factors could cause results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements. These factors include:

        the ability to maintain sufficient liquidity and access capital markets;

        market and interest rate fluctuations;

        the strength of the global economy in general and the strength of the economies of the countries in which we conduct our operations, in particular the risk of a continued US or global economic downturn in 2009 and beyond;

        the direct and indirect impacts of continuing deterioration of subprime and other real estate markets;

        further adverse rating actions by credit rating agencies in respect of structured credit products or other credit-related exposures or of monoline insurers;

        the ability of counterparties to meet their obligations to us;

        the effects of, and changes in, fiscal, monetary, trade and tax policies, and currency fluctuations;

        political and social developments, including war, civil unrest or terrorist activity;

        the possibility of foreign exchange controls, expropriation, nationalization or confiscation of assets in countries in which we conduct our operations;

        operational factors such as systems failure, human error, or the failure to implement procedures properly;

        actions taken by regulators with respect to our business and practices in one or more of the countries in which we conduct our operations;

        the effects of changes in laws, regulations or accounting policies or practices;

        competition in geographic and business areas in which we conduct our operations;

        the ability to retain and recruit qualified personnel;

        the ability to maintain our reputation and promote our brand;

        the ability to increase market share and control expenses;

        technological changes;

        the timely development and acceptance of our new products and services and the perceived overall value of these products and services by users;

        acquisitions, including the ability to integrate acquired businesses successfully, and divestitures, including the ability to sell non-core assets;

        the adverse resolution of litigation and other contingencies;

        the ability to achieve our cost efficiency goals and other cost targets; and

        our success at managing the risks involved in the foregoing.


We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, as well as the information set forth in our Form 20-F Item 3 – Key Information – Risk Factors.





© 1999-2017 Credit Suisse Hedge Index LLC. All rights reserved.Credit Suisse Hedge Fund Index was formerly known as Dow Jones Credit Suisse Hedge Fund Index from June 22, 2010 to September 15, 2013. Credit Suisse AllHedge Index was formerly known as Dow Jones Credit Suisse AllHedge Index from June 22, 2010 to September 15, 2013. Credit Suisse Blue Chip Hedge Fund Index was formerly known as Dow Jones Credit Suisse Blue Chip Hedge Fund Index from June 22, 2010 to September 15, 2013.