Friday, 27 March 2015
Last updated 5 hours ago
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.”
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…