Hedge Fund Replication Index Up Slightly In April

May 5 2009 | 11:42am ET

The Credit Suisse Long/Short Equity Replication Index gained 0.14% net in April, according to Jordan Drachman, head of research for Alternative Beta Strategies at Credit Suisse.

“In an environment where the S&P 500 was up approximately 10% in April, hedge funds returned positive performance,” said Drachman. “By providing hedge fund-like returns, the AIR LOSHO Index was up 0.14% for the month while the Credit Suisse Global Macro Replication Index was down 0.37% over the same period. Early estimates for the long/short equity sector of the Credit Suisse/Tremont Hedge Fund Index also point towards a modest positive return, while early estimates for the global macro sector of the benchmark point towards a modest negative return.”

The AIR GLMAC Index seeks to track the Global Macro sector of the benchmark Credit Suisse/Tremont Hedge Fund Index, while the AIR LOSHO Index seeks to track the Long/Short Equity sector of the same benchmark.

Performance for the AIR LOSHO and AIR GLMAC Indices are calculated daily and shown net of a 1.15% per annum calculation fee. Returns are listed below.

Index

April
2009
March
2009
2009 Q1
Credit Suisse Global Macro Replication Index (Net) -0.37% 1.17% 1.89%
Credit Suisse Inverse Global Macro Replication Index (Net) 0.12% -1.43%   -2.66%
Credit Suisse/Tremont Global Macro Hedge Fund Index N/A 0.03%   2.58%  
Credit Suisse Long/Short Equity Replication Index (Net) 0.14% 3.92%   2.78%  
Credit Suisse Inverse Long/Short Equity Replication Index (Net) -0.53%   -4.15%   -3.64%  
Credit Suisse/Tremont Long/Short Equity Hedge Fund Index N/A 1.86%   0.32%  
S&P 500 TRI Index* 9.57%   8.76%   -11.01%  
Dow Jones World Index* 11.77%   7.78%   -11.43%

*Total Return Indices 


In Depth

Fundraising for Mid-Sized PE Funds: Should You Use a Registered B/D?

Dec 6 2016 | 7:18pm ET

When does a fund sponsor need to use a registered broker/dealer when raising capital...

Lifestyle

Trump Attends 'Villains and Heroes' Costume Party Dressed As...Himself

Dec 5 2016 | 11:16pm ET

U.S. President-elect Donald Trump attended a "Villains and Heroes" costume party...

Guest Contributor

Nowhere to Hide: Why the Future of Asset Management Depends on Innovation

Nov 15 2016 | 6:55pm ET

Information technology has reshaped the asset management industry’s periphery,...

 

From the current issue of

Since the inception of Modern Trader, a core editorial theme has centered on the wisdom and power of crowds. Editorial emphasis has focused on companies and projects engaged in the collection and analysis of information. 

AVAILABLE NOW at BARNES & NOBLE

NEWSTAND LOCATOR