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)
|Credit Suisse Inverse Global Macro Replication Index (Net)
|Credit Suisse/Tremont Global Macro Hedge Fund Index
|Credit Suisse Long/Short Equity Replication Index (Net)
|Credit Suisse Inverse Long/Short Equity Replication Index (Net)
|Credit Suisse/Tremont Long/Short Equity Hedge Fund Index
|S&P 500 TRI Index*
|Dow Jones World Index*
*Total Return Indices