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

Fund Focus: Asian Frontier Capital Offers U.S. Investors Access To Untapped Markets

Mar 2 2015 | 6:47am ET

Hong-Kong based asset manager Asian Frontier Capital is making a capital raising...

Lifestyle

Hedge Fund Manager Out as Minnesota Wild Minority Owner

Feb 25 2015 | 2:45pm ET

New York hedge fund manager Philip Falcone is no longer a minority owner of the...

Guest Contributor

Risk Management: The Due Diligence Challenge And Branding Opportunity

Mar 2 2015 | 8:41am ET

The hedge fund firms that make it easier for prospective investors to gain comfort...

 

Editor's Note