New Dow Jones Credit Suisse Hedge Fund Index Commentary Reviews Hedge Fund Performance in 2012
New York, January 18, 2013 - The Dow Jones Credit Suisse Hedge Fund Index team today released its 2012 Hedge Fund Market Review. The report includes statistics on hedge fund performance and asset flows in 2012. Some key findings from the report include:
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished December up 1.48%. Overall performance for 2012 was 7.67%;
Though the industry saw estimated outflows of approximately $31B in 2012, overall assets remained relatively stable at $1.8T when factoring in performance gains;
The Fixed Income Arbitrage and Global Macro sectors experienced the largest asset inflows on a percentage basis in 2012, with inflows of 16.0% and 3.6%, respectively;
A greater number of hedge fund managers posted positive performance in 2012, approximately 75% compared with about 35% in 2011;
On an industry-wide basis, a larger percentage of asset inflows went to funds with monthly or better liquidity, suggesting greater investor demand for more liquidity; and
Overall, hedge funds, as represented by the Dow Jones Credit Suisse Hedge Fund Index, continued to provide positive risk-adjusted returns relative to other strategies.
The report also offers insight into hedge fund performance in the month of December. Industry commentaries and publications are available in the "News" section of our website, www.hedgeindex.com. Click here to view the 2012 Hedge Fund Market Review.
Press Contacts
Credit Suisse
Katherine Herring, Corporate Communications, +1-212-325-7545, katherine.herring@credit-suisse.com
S&P Dow Jones Indices
Dave Guarino, +1-212-438-1471, dave_guarino@spdji.com
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About Credit Suisse AG
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 is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,400 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 www.credit-suisse.com
Copyright © 2013, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
Source: Credit Suisse Asset Management, LLC, 2013.
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.
