Credit Suisse/Tremont Hedge Fund Index Gains In March

Apr 15 2010 | 10:51am ET

The Credit Suisse/Tremont Hedge Fund Index posted positive March returns, gaining 2.22% for the month and 3.09% for the quarter.
 
“Nine out of 10 sectors posted positive performance for the month and top performing sectors included Managed Futures (+4.25%), Emerging Markets (+3.89%) and Long/Short Equity (+2.99%),” said Oliver Schupp, president of Credit Suisse Index Co. “Gains in the Managed Futures space were largely due to positive performance among trend followers who generated profits across equity, commodity and currency markets. Emerging Markets and Long/Short Equity managers capitalized on both global equity market rallies and an increase in investor appetite for risky assets. Conversely, Dedicated Short Bias managers posted the weakest performance this month, down 6.61%."

The Credit Suisse/Tremont Hedge Fund Index is an asset-weighted hedge fund indices. Unlike equal-weighted indices, it does not underweight top performers and overweight decliners in seeking to provide the most accurate representation of the hedge fund universe.

Performance for the Broad Index and its 10 sub-strategies is calculated monthly. March, February and year-to-date returns are listed below.

Index March 2010 February 2010  YTD
Broad Index 2.22% 0.68% 3.09%
Convertible Arbitrage 2.06% 0.47% 3.53%
Dedicated Short Bias -6.61% -3.20% -9.36%
Emerging Markets 3.89% -0.45% 2.63%
Equity Market Neutral 0.54% -1.35% -0.72%
Event Driven 2.85% 0.44% 4.76%
   Distressed 2.64% 0.29% 5.02%
   Event Driven Multi-Strat 3.07% 0.57% 4.58%
   Risk Arbitrage 0.69% 0.30% 1.40%
Fixed Income Arbitrage 1.44% 0.07% 3.57%
Global Macro 0.38% 1.10% 2.57%
Long/Short Equity 2.99% 1.32% 2.79%
Managed Futures 4.25% 1.81% 2.09%
Multi-Strategy 1.44% 0.56% 2.59%
S&P 500 TRI Index* 6.03% 3.10% 5.39%
Dow Jones World Index* 6.35% 1.13% 3.02%
*Total Return Indices

No funds were added to the Broad Index in March.

The following funds are no longer reporting to the Broad Index: Cannizaro Asia Fund, Titan Volatility Fund, Moon Capital Global Equity Fund, Arsago Global Macro Opportunities and Martin Currie Absolute Return Asia Fund Partnership. 


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Editor's Note