Credit Suisse Nets ‘AIR’ In December

Jan 6 2009 | 1:20pm ET

The Credit Suisse Long/Short Equity Replication Index gained 2.98% in December while its Inverse Long/Short Equity Replication Index dropped 3.56% for the month. For the year, the Long/Short Equity Replication Index lost 16.59% while the Inverse Index gained 16.7%.

Jordan Drachman, head of research for alternative beta strategies at Credit Suisse, said that although the market environment for hedge funds continued to be challenging last month, the long/short equity hedge fund sector rallied on the back of an upturn in the equity markets in late December.

“Government intervention, through the historic move by the U.S. Federal Reserve to lower the Fed Funds rate to between zero and 25 bps, led to many positive market signals,” he said.


In Depth

Israeli Hedge Fund Harnesses Big Data

Jul 28 2014 | 8:10am ET

Apica Green is a multi-million dollar Israeli hedge fund that is based in Tel Aviv...

Lifestyle

David Yarrow On Growing His Hedge Fund And Shooting The Animals And People Of Africa - As A Photographer

Jul 23 2014 | 6:44am ET

While he’s always been a photographer, recent expeditions to Iceland, Ethiopia...

Guest Contributor

Why Is The Shipping Industry Underwater?

Jul 31 2014 | 7:31am ET

Anyone who’s taken a look at the global shipping industry recently probably knows...

 

Publisher's Note