New Credit Suisse/Tremont Commentary Offers Insight Into August Hedge Fund Performance

Date: Tuesday, September 22, 2009
Author: Business Wire

The Credit Suisse/Tremont Hedge Fund Index finished up 1.53% in August as wider dispersion in the markets provided opportunities for hedge funds. This marks the sixth straight month of positive performance for the Index, bringing year-to-date returns to 11.57%.

A new monthly commentary offers insight into August hedge fund performance. Some key findings from the report include:

  • Divergent market views remain among managers as some re-position their portfolios to prepare for volatility while more bullish investors continue to drive markets higher
  • Convertible Arbitrage continued to lead the Index with a monthly return of 3.39%. This was the eighth consecutive month of positive returns for the strategy, bringing year-to-date performance to 35.58%
  • Mortgage-related instruments continued to be a driver of returns for a number of Fixed Income Arbitrage managers in August. The strategy had the second-best monthly performance in the Index, finishing up 2.38%
  • The economic and market environment has become increasingly favorable for Event Driven managers focusing on distressed debt, with the sector returning 2.17% for the month
  • Dedicated Short Bias managers continue to struggle although the sector showed marked improvement over its July performance

Credit Suisse Tremont Index LLC industry commentaries and publications are available on the Research section of our website, Click here to view the full report which includes an overview of August hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

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