NEW YORK, Nov. 15, 2011 /PRNewswire via COMTEX/ — The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) rebounded from September losses to start the fourth quarter up 1.73%.
Oliver Schupp, President of Credit Suisse Index Co., LLC, said, “The Dow Jones Credit Suisse Hedge Fund Index was up 1.73% in October, marking its largest monthly gain since April. Long/Short Equity was the best performing sector, finishing up 4.45% for the month, while Emerging Markets gained 3.70%. Conversely, the Dedicated Short Bias sector was the worst performer, declining -9.59% in October; the strategy, however, remains up 2.34% year-to-date.”
Performance for the Broad Index and its ten sub-strategies is calculated monthly. October, September and YTD performance numbers are listed below and are available at www.hedgeindex.com.
Index October September YTD 2011 2011 Broad Index 1.73% -3.20% -1.53% Convertible Arbitrage 1.18% -1.77% 1.10% Dedicated Short Bias -9.59% 8.45% 2.34% Emerging Markets 3.70% -7.47% -3.43% Equity Market Neutral 2.76% -2.22% 4.90% Event Driven 2.56% -5.06% -7.38% Distressed 1.99% -3.28% -3.02% Event Driven Multi-Strategy 2.90% -6.15% -9.97% Risk Arbitrage 1.91% -1.63% 1.47% Fixed Income Arbitrage 0.14% -0.19% 3.78% Global Macro 0.18% -0.07% 6.01% Long/Short Equity 4.45% -5.22% -5.08% Managed Futures -5.06% -0.78% -5.11% Multi-Strategy 2.05% -2.37% 2.61%
The following funds are no longer reporting to the Dow Jones Credit Suisse Hedge Fund Index: Jupiter Europa Hedge Fund Ltd., Tiedemann European Opportunities L.P./Ltd., Quantum Endowment Fund, N.V., and Ashmore Emerging Markets Liquid Investment Portfolio (EMLIP).
The Dow Jones Credit Suisse family of hedge fund indexes includes:
The Dow Jones Credit Suisse Hedge Fund Index, an asset-weighted benchmark that seeks to measure hedge fund performance and provide the most accurate representation of the hedge fund universe.
The Dow Jones Credit Suisse Core Hedge Fund Index, an investable, asset-weighted hedge fund index that seeks to provide broad representation of the liquid, investable hedge fund universe with limited platform bias. The index reflects the performance of managed accounts and other regulated fund structures sourced from across a range of platforms.
The Dow Jones Credit Suisse AllHedge Index, an investable index comprised of all 10 Dow Jones Credit Suisse AllHedge Strategy Indexes weighted according to the sector weights of the Broad Index.
The Dow Jones Credit Suisse Blue Chip Hedge Fund Index, an investable index comprised of 60 of the largest funds across the ten style-based sectors in the Broad Index.
The Dow Jones Credit Suisse LEA Hedge Fund Index, an asset-weighted, composite index which provides insight in to three specific regions of the emerging markets hedge fund universe (Latin America, EEMEA (Emerging Europe, Middle East and Africa) and Asia).
