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.
Meg Bode, Bode Associates, telephone 516 869 6610, firstname.lastname@example.org
Suzanne Fleming, Corporate Communications, Credit Suisse, telephone 212 325 7396, email@example.com
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