New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into February Hedge Fund Performance
New York, March 20, 2013 - The Dow Jones Credit Suisse Hedge Fund Index finished up 0.24% in February. A new monthly commentary offers insight into hedge fund performance through the month of February. Some key findings from the report include:
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished February up 0.24%, with 6 out of 10 strategies in positive territory;
In total, the industry saw estimated inflows of approximately $3.4 billion in February, bringing overall assets under management for the industry to approximately $1.8 trillion;
The Fixed Income Arbitrage and Emerging Markets sectors experienced the largest asset inflows on a percentage basis, with inflows in February equal to 1.86% and 1.21% of the January 2013 levels, respectively;
Event Driven funds sustained overall positive performance in February, mainly led by long exposure to stressed/distressed credit positions, followed by mixed performance from special situation equities; and
Long/Short Equity funds produced positive returns in February on the back of continued strength across many equity markets. Managers benefitted from exposure to Consumer Staples and Industrials both in U.S. and Europe and also Telecom in the U.S.
Industry commentaries and publications are available in the "News" section of our website, www.hedgeindex.com. Click here to view the full report which includes an overview of February hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
Katherine Herring, Corporate Communications, +1-212-325-7545, email@example.com
S&P Dow Jones Indices
Dave Guarino, +1-212-438-1471, firstname.lastname@example.org
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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.
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