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July 22, 2010

New Dow Jones Credit Suisse Hedge Fund Index Paper Reviews Hedge Fund Performance through the First Half of 2010

New York, July 22, 2010 The Dow Jones Credit Suisse Hedge Fund Index team today released a new paper, "H1 2010 Hedge Fund Industry Review," that examines the current market environment and its effect on hedge fund returns in the first half of the year.

 

To date in 2010, hedge funds have outperformed many global equity markets, posting returns of 0.6% year-to-date through June 30, as managers continued to employ a diverse range of alpha-generating investment strategies. The report examines the current return drivers in the industry and explores some of the noteworthy trends that have characterized markets in recent months.

 

Some key conclusions from the report include:

 

n         Performance among the ten Index sectors was mixed with six out of the ten sectors in the Index posting positive performance in the first half of the year;

 

n         Top performers included Fixed Income Arbitrage (+5.5%), Global Macro (+4.2%) and Event Driven (+1.8%);

 

n         Individual fund returns have been more dispersed this year with 51% of all funds posting positive performance compared to 80% for the same period in 2009;

 

n         While the repayment of “impaired” assets has slowed, an estimated 68% of all impaired assets have been repaid to investors representing $118 billion;

 

n         The hedge fund industry experienced estimated net outflows of approximately $1.4 billion in the first quarter, though strategies with traditionally lower correlation to broad markets experienced overall inflows;

 

n         Including performance gains, estimated industry assets under management currently remain at $1.5 trillion (as of June 30, 2010).

 

In addition, the team has also published a new monthly commentary which offers insight into June hedge fund performance. All industry commentaries and publications are available in the Research section on www.hedgeindex.com. Click here to view the H1 2010 year end report or click here to view the June 2010 monthly commentary.

 

Credit Suisse Contact Information

Meg Bode, Bode Associates, phone: +1-516-869-6610, meg@bodeassociates.com

Suzanne Fleming, Corporate Communications, Credit Suisse, phone +1-212-325-7396, suzanne.fleming@credit-suisse.com

Credit Suisse Hedge Fund Index Investor Relations, hfindices.ir@credit-suisse.com

 

About Dow Jones Indexes

Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is the marketing name of CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company (www.dowjones.com), a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com).

 

About Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 47,600 people. 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 http://www.credit-suisse.com.

 

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.

 

Copyright © 2010, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

 

 

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.

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 without obligation to update. 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 a guide or indicator to future performance. 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.

 

“Dow Jones®”, “The Dow Jones Credit Suisse Hedge Fund Indexes” and “Dow Jones Indexes” are service marks of Dow Jones Trademark Holdings LLC (“Dow Jones”), and Credit Suisse Group AG, as the case may be, and have been licensed for use by Credit Suisse Index Co., Inc. and CME Group Index Services LLC (“CME Indexes”). Investment products based on the Dow Jones Credit Suisse Hedge Fund Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products.  Inclusion of a hedge fund in any of the Dow Jones Credit Suisse Hedge Fund Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such fund. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.


© 1999-2014 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.