Monday, 22 September 2014
Last updated 3 hours ago
Jan 16 2007 | 2:01pm ET
The Credit Suisse/Tremont Hedge Fund Index was up 1.83% in December, finishing the year with a total return of 13.86%, according to Oliver Schupp, President of the Credit Suisse Tremont Index.
“A stronger than expected year was experienced as a favorable market environment drove the majority of hedge fund strategies to produce positive end of year results,“ he said. “Record highs in global markets and mergers and acquisition activity along with a stronger than expected earnings season, a pause in the continual increasing of interest rates by the Federal Reserve, high energy prices and volatility fluctuations were positive contributors to hedge fund performance for 2006.”
Emerging markets gained the most in 2006, returning 20.49% for the year, while event-driven strategies were also strong, returning 15.73%. Meanwhile, the worst performers in the Credit Suisse Tremont Index was dedicated short bias, which returned -6.61% for the year.
“Global equity markets rallied in December as investors gained confidence that the global economy will continue to grow in 2007 in part from indications that the housing market would stabilize and from the US dollar gaining slightly against the EUR and Yen,“ said Schupp. “Overall, this favorable market environment bolstered performance and the majority of hedge fund sectors ended December on a positive note with the Managed Futures sector as the best performing sector in December, up 4.05% and the Emerging Markets sector as the best performing sector for 2006 up 20.49%.”
Aug 25 2014 | 11:21am ET
As many of you know, FINalternatives was recently acquired by the owners of Futures magazine, a firm called The Alpha Pages LLC. Today marks the soft-launch of a new sister site for both publications. As its name suggests, The Alpha Pages will cover all types of alternative investments, going far beyond the more well-known ones such as hedge funds and private equity. Read more…
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