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January 21, 2010

New Credit Suisse/Tremont Hedge Fund Index Research Paper Reviews Hedge Fund Performance in 2009 and Recaps the Best Year for the Industry in a Decade

New York, January 21, 2010 Credit Suisse Tremont Index LLC today released a new research piece, "Hedge Funds Hit a High Note: 2009 Industry Review," that examines hedge fund performance in 2009 with a focus on the key factors that contributed to the turnaround seen in the industry last year.

 

2009 marked the best annual hedge fund performance in a decade (as measured by the Credit Suisse/Tremont Hedge Fund Index “the Index”) and the greatest performance rebound since inception of the Index in 1994. The report examines the key return drivers in the industry in 2009 and explores some of the noteworthy trends which have developed as a result of the current market dislocation. Overall, the Index was up nearly 19% with 83% of all funds posting positive performance as of December 31, 2009.

 

Some key conclusions from the report include:

 

n         Overall, hedge funds have recouped 77% of 2008 losses from previous peak performance levels or “high water marks.”

 

n         An estimated 58% of all “impaired” assets have returned to standard liquidity status, representing a total of $102 billion. An additional $72 billion in impaired assets currently remain illiquid.

 

n         The hedge fund industry experienced net inflows of $12 billion in the fourth quarter; however, overall the industry lost $74 billion as a result of investor redemptions in 2009.

 

n         Including performance gains, current industry assets under management are estimated at $1.5 trillion as of December 31, 2009.

 

n         The percentage of closed funds in the industry has dropped from 17% to 13% since November 2007, signifying increased investor access to some of the industry’s most in-demand managers.

 

In addition, Credit Suisse Tremont LLC has also published a new monthly commentary which offers insight into December hedge fund performance. All industry commentaries and publications are available in the Research section on www.hedgeindex.com. Click here to view the 2009 year end report or click here to view the December 2009 monthly commentary.

 

Information

Credit Suisse Hedge Fund Index Investor Relations, telephone +1 212 538 0583, hfindices.ir@credit-suisse.com

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

 

Credit Suisse AG

As one of the world's leading banks, Credit Suisse AG (“Credit Suisse”) provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 47,400 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. 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.

 

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including alternative investments such as private equity, hedge funds, real estate and credit, as well as multi asset class solutions, which include equities and fixed income products. Credit Suisse’s Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 21 countries, Credit Suisse’s Asset Management business is operated as a globally integrated network to deliver the bank’s best investment ideas and capabilities to clients around the world.

All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.

 

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.

Copyright © 2010, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights reserved.

 

 

 

 


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