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 


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Editor's Note