Thursday, 26 February 2015
Last updated 5 hours ago
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.
|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
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…