Credit Suisse Investable Index Has Strong Q2

Jul 31 2007 | 3:18pm ET

Credit Suisse Index Co. said its Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index finished the second quarter up 3.97% net and 6.81% year-to-date.

According to the index, managed futures, event-driven and long/short equity were the top performing strategies of the quarter. Eight of the 10 CS/Tremont sector indices posted positive performance for the quarter, with particularly strong performance from event-driven, long/short equity and multi-strategy. The Bear Stearns Structured Credit Fund and its Enhanced Fund were not members of INVX and had no impact on overall performance.

Overall, the INVX index outperformed, on a year-to-date gross basis, several competing investable indices. INVX year-to-date for 2007 was up 6.81%, as compared to Hedge Fund Research HFRX Global Hedge Fund Index, which is up 4.67%, and the MSCI Hedge Index that was up 6.39%.
 
“Hedge fund managers experienced a generally strong second quarter, thanks to a favorable market environment, that allowed nine of the ten hedge fund strategies in this index to produce positive quarterly results,” said Oliver Schupp, president of the Credit Suisse Tremont Index, LLC. 

“Record highs in the beginning of the quarter in global equity markets, a continued upward trend in mergers and acquisition activity and high volatility at the end of the quarter all contributed positively to hedge fund performance for the second quarter of 2007.”


In Depth

The Benefits Of Private Debt Investing

May 7 2015 | 10:43am ET

Jeffrey Haas is chief operating officer of Old Hill Partners Inc., an SEC-registered...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

Near Term Consolidation In Bullish U.S. Dollar Trend

May 11 2015 | 11:38am ET

The US Dollar is in a multi-year bull market, according to Conor O’Mara, investment...

 

Editor's Note