Credit Suisse/Tremont Confirm Aug. Hedge Fund Figures

Sep 15 2009 | 11:09am ET

The Credit Suisse/Tremont Hedge Fund Index has confirmed its August performance, which saw funds rise 1.53% for the month, bringing the index up 11.57% year-to-date.

“August marks the sixth straight month of positive performance for hedge funds as measured by the Broad Index,” said to Oliver Schupp, president of Credit Suisse Index Co. “Convertible arbitrage strategies led the performance among sectors and extended their run of positive performance to eight consecutive months, returning 3.39% in August and 35.58% year-to-date.”

Schupp said that another notable strategy was fixed income arbitrage, which finished up 2.38% for the month as managers took advantage of favorable investment opportunities as a result of the U.S. Treasury’s announced extension of its asset-backed securities loan facility (TALF) program. 

Index

August '09 July '09 YTD '09
Broad Index 1.53% 2.54% 11.57%
Convertible Arbitrage 3.39% 5.80% 35.58%
Dedicated Short Bias -1.69% -7.26% -18.68%
Emerging Markets 1.06% 3.83% 18.79%
Equity Market Neutral 1.31% 1.79% 4.26%
Event Driven 2.17% 2.33% 11.48%
    - Distressed 2.12% 2.25% 11.02%
    - Event Driven Multi-Strategy 2.23% 2.41% 11.79%
    - Risk Arbitrage 0.95% 1.12% 8.53%
Fixed Income Arbitrage 2.38% 3.65% 18.66%
Global Macro 0.86% 1.78% 6.15%
Long/Short Equity 1.42% 2.99% 13.03%
Managed Futures 0.92% -0.43% -6.97%
Multi-Strategy 1.43% 2.99% 17.30%
S&P 500 TRI Index* 3.61% 7.56% 14.97%
Dow Jones World Index* 3.79% 8.61% 21.30%

*Total Return Indices


In Depth

Q&A: Rotation Capital's Rothfleisch On SPAC 2.0

Aug 11 2017 | 7:43pm ET

Corporate actions have long been a staple of event-driven investors, but activity...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Star Mountain: Private Lending in the Lower Middle-Market

Aug 14 2017 | 4:45pm ET

Private credit has become one of the most popular alternative asset classes in recent...

 

From the current issue of