New Credit Suisse/Tremont Commentary Offers Insight Into November Hedge Fund Performance
New York, December 18, 2009 Hedge funds rebounded in November, putting them on track to post their best annual performance since inception of the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) in January 1994. The Broad Index finished up 2.11% for the month, bringing year to date performance to 17.53% through November 30, 2009.
A new monthly commentary offers insight into November hedge fund performance. Some key findings from the report include:
n Managed Futures experienced its best month since October 2008 as managers capitalized on clear trends in equities, short-term interest rates and commodities
n Global Macro was the second best performing sector; models captured gains in equities, credit and precious metal markets
n Managers across strategies profited from upward momentum in precious metals, specifically gold, which hit record nominal highs during the month
n All sectors were positive for the month, with the exception of Dedicated Short Bias, which struggled amidst rising global equity markets
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 November hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
Meg Bode, Bode Associates, telephone 516 869 6610, email@example.com
Suzanne Fleming, Corporate Communications, Credit Suisse AG, telephone 212 325 7396, firstname.lastname@example.org
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