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September 21, 2009

New Credit Suisse/Tremont Commentary Offers Insight Into August Hedge Fund Performance

New York, September 21, 2009 The Credit Suisse/Tremont Hedge Fund Index finished up 1.53% in August as wider dispersion in the markets provided opportunities for hedge funds. This marks the sixth straight month of positive performance for the Index, bringing year-to-date returns to 11.57%.

 

A new monthly commentary offers insight into August hedge fund performance. Some key findings from the report include:

 

n         Divergent market views remain among managers as some re-position their portfolios to prepare for volatility while more bullish investors continue to drive markets higher

 

n         Convertible Arbitrage continued to lead the Index with a monthly return of 3.39%. This was the eighth consecutive month of positive returns for the strategy, bringing year-to-date performance to 35.58%

 

n         Mortgage-related instruments continued to be a driver of returns for a number of Fixed Income Arbitrage managers in August. The strategy had the second-best monthly performance in the Index, finishing up 2.38%

 

n         The economic and market environment has become increasingly favorable for Event Driven managers focusing on distressed debt, with the sector returning 2.17% for the month

 

n         Dedicated Short Bias managers continue to struggle although the sector showed marked improvement over its July performance

 

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 which includes an overview of August hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

 

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

 

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 www.credit-suisse.com.

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In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including alternative investments such as private equity, hedge funds, real estate and credit, as well as multi asset class solutions, which include equities and fixed income products. 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 21 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.

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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.

The investment views and market opinions/analyses expressed herein may not reflect those of Credit Suisse as a whole and different views may be expressed based on different investment styles, objectives, views or philosophies.  No part of this material may be reproduced or retransmitted in any manner without the prior written permission of Credit Suisse.

 Copyright © 2009, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

 

 

 

 


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