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May 19, 2009

Hedge Funds Post Positive Returns in April But Managers Remain Cautious

New York, May 19, 2009 The Credit Suisse/Tremont Hedge Fund Index finished up 1.68% in April, with Emerging Markets and Convertible Arbitrage the leading performers, while many Long/Short Equity managers remained defensively positioned. A Credit Suisse/Tremont Hedge Fund Index monthly commentary provides insight.

 

Key findings from the report:

 

n         Emerging Markets was the top performing strategy, returning 5.2%, benefiting from global optimism as well as high oil prices

n         With an eye on the overall weak economic backdrop, a number of Long/Short Equity funds maintained a cautious stance with regard to the global markets, generating 2.5% in returns versus the MSCI World’s 10.9%

n         Relative Value strategies benefited from favorable credit market conditions, with Convertible Arbitrage continuing to generate positive performance with 4.5% for the month and 12.6% YTD

n         The Global Macro sector had another positive month to become the only hedge fund strategy in the Broad Index to post six consecutive months of positive returns

 

The report also includes an overview of April hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

 

Credit Suisse Tremont Index LLC industry commentaries and publications are available on the Research section of our website, www.hedgeindex.com. Click here to view the full report.

 

Information

Meg Bode, Bode Associates, telephone 516 869 6610, meg@bodeassociates.com

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

 

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Disclaimer

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. 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 necessarily a guide to the future. 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.

 

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We caution you that the foregoing list of important factors is not exclusive. When evaluating forward-looking statements, you should carefully consider the foregoing factors and other uncertainties and events, as well as the information set forth in our Form 20-F Item 3 – Key Information – Risk Factors.

 

 

 

 


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