Credit Suisse Unveils Global Macro Replication Index

Apr 14 2009 | 1:46pm ET

Credit Suisse has launched a new Global Macro Replication Index which aims to capture the risk/return characteristics of the Credit Suisse/Tremont Global Macro Hedge Fund Index.

According to the firm, the new index enables investors to gain liquid, transparent insight into the global macro hedge fund sector.

“In the wake of current investor sentiment, replication strategies are gaining in popularity for their ability to provide similar risk/return characteristics to a well diversified portfolio of hedge funds, while avoiding certain drawbacks of hedge fund investing such as illiquidity, lack of transparency and headline risk,” said Jordan Drachman, head of research for Credit Suisse Alternative Beta Strategies.

“We are currently seeing increased interest in the Global Macro sector, as the strategy has a history of producing positive performance during market downturns and has been the top performing hedge fund sector since the inception of the Credit Suisse/Tremont Hedge Fund Index in 1994.”

The Global Macro Replication Index joins the existing Long/Short Equity Replication Index to become the second in a suite of Alternative Index Replication products. Together, the indices offer insight to two of the largest and most popular hedge fund sectors in the current market environment.

Index values are finalized daily and quoted on Bloomberg under the symbol AIRI. Performance, descriptions, statistics and downloadable price history can be found on the newly launched Credit Suisse Alternative Beta Web site, www.credit-suisse.com/alternativebeta.

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