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, firstname.lastname@example.org
Suzanne Fleming, Corporate Communications, Credit Suisse, phone +1-212-325-7396, email@example.com
Credit Suisse Hedge Fund Index Investor Relations, firstname.lastname@example.org
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