New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into March Hedge Fund Performance
New York, April 18, 2013 - The Dow Jones Credit Suisse Hedge Fund Index finished up 1.21% in March. A new monthly commentary offers insight into hedge fund performance through the month of March. Some key findings from the report include:
Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished March up 1.21%, with 9 out of 10 strategies in positive territory;
In total, the industry saw estimated outflows of approximately $1.78 billion in March, bringing overall assets under management for the industry to approximately $1.82 trillion;
The Fixed Income Arbitrage and Convertible Arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in March equal to 1.48% and 1.04% of the February 2013 levels, respectively;
Event Driven funds sustained overall positive performance in March, in the backdrop of record high levels in US equity markets and continued price appreciation of corporate debt; and,
Long/Short Equity funds produced positive returns in March benefitting not only from the continued strength of equity markets, but also from managers’ stock-picking and portfolio management abilities. Managers benefitted from exposure to Healthcare and Consumer Staples both in U.S. and Europe.
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 March 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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