Credit Suisse/Tremont completes semi-annual rebalancing of the AllHedge Index |
Date: Friday, October 31, 2008
Author: Hedgeindex.com
The Credit Suisse Index Co., Inc announced that as of October 1, 2008, the Credit Suisse/Tremont AllHedge Index (“SECTAH”), the Credit Suisse/Tremont Blue Chip Index (“INVX”) and the Credit Suisse/Tremont Specialty Indices (“LEA”) completed their routine semi-annual rebalancing of funds.
The rebalancing for SECTAH resulted in the addition of four funds, the rebalancing for INVX resulted in the addition of six funds and the rebalancing for LEA resulted in the addition of three funds.
The funds that were added in SECTAH include: Basso Investors Ltd., Boyer Allan Pacific Fund Inc., Metropolitan Captial Advisors International Ltd., Paulson Advantage Plus Ltd. As of October 1, SECTAH is comprised of 137 constituent hedge funds.
The funds that were added in INVX include: Basso Investors Ltd, Paulson Advantage Plus Ltd, Henderson Global Fixed Income Absolute Return Fund, Renaissance Institutional Futures Fund LLC, GLG European Long/Short Fund, Boronia Diversified Fund Limited. As of October 1, INVX is comprised of 60 constituent hedge funds.
The funds that were added in LEA include: Boyer Allen Pacific Fund, GAM Frontier Opportunities Equity Hedge and Visio 4 Fund. As of October 1, LEA is comprised of 44 constituent hedge funds.
After the rebalancing, the sector weightings for SECTAH are as follows:
| Sector Weights At April 1, 2008 Rebalancing | Sector Weights At October 1, 2008 Rebalancing | |
| Convertible Arbitrage | 2.18% | 1.70% |
| Dedicated Short | 0.46% | 0.55% |
| Emerging Markets | 7.24% | 8.39% |
| Equity Market Neutral | 5.39% | 5.33% |
| Event Driven | 24.89% | 24.40% |
| Fixed Income Arbitrage | 4.89% | 4.64% |
| Global Macro | 10.51% | 13.96% |
| Long/Short Equity | 29.74% | 26.64% |
| Managed Futures | 3.61% | 3.77% |
| Multi-Strategy | 11.11% | 10.62% |
After the rebalancing, the sector weightings for INVX are as follows:
| Sector Weights At April 1, 2008 Rebalancing | Sector Weights At October 1, 2008 Rebalancing | |
| Convertible Arbitrage | 2.13% | 2.06% |
| Dedicated Short | 0.90% | 1.04% |
| Emerging Markets | 6.89% | 5.98% |
| Equity Market Neutral | 7.47% | 8.63% |
| Event Driven | 21.00% | 21.00% |
| Fixed Income Arbitrage | 6.25% | 5.82% |
| Global Macro | 13.12% | 16.58% |
| Long/Short Equity | 20.36% | 16.68% |
| Managed Futures | 6.82% | 7.62% |
| Multi-Strategy | 15.08% | 14.59% |
After the rebalancing, the regional breakdown for LEA is as follows:
| Sector Weights At April 1, 2008 Rebalancing | Sector Weights At October 1, 2008 Rebalancing | |
| Asia | 38.80% | 40.00% |
| EEMEA | 21.11% | 27.31% |
| Latin America | 40.09% | 32.69% |
Source: http://www.hedgeindex.com/hedgeindex/en/default.aspx?cy=USD