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).
In accordance with the Dow Jones Credit Suisse Blue Chip Hedge Fund
Index Rules and the Dow Jones Credit Suisse AllHedge Strategy Index
Rules, Credit Suisse Hedge Index, LLC is publishing the following
notice: The following funds are in a Special Rebalancing Situation (as
defined in the Index Rules available on www.hedgeindex.com ): Alexandra
Global Investment Fund I Ltd., Bennelong Asia Pacific Multi Strategy
Equity Master Fund Ltd., Canyon Value Realization Fund (Cayman) Ltd.,
Castlerigg International Limited, Contrarian Fund I Offshore Ltd.,
Deephaven Global Multi-Strategy Fund, Drawbridge Global Macro Fund Ltd. –
SPV Assets, Firebird Avrora Fund Ltd, GLG European Long-Short (Special
Assets) Fund, GLG Market Neutral Fund Side Pocket, JANA Offshore
Partners Ltd., Jayhawk China Fund (Cayman) Ltd., Longacre International
Ltd., Owl Creek Overseas Fund Ltd., Ramius Multi-Strategy Fund Ltd.,
Seneca Capital International, Ltd. and Shepherd Select Asset Ltd.
Additional information about the Dow Jones Credit Suisse Hedge Fund
Indexes — including research, fund performance and constituent fund
information — can be found at http://www.hedgeindex.com .
About Dow Jones Indexes
Dow Jones Indexes ( www.djindexes.com ) is a leading full-service
index provider that develops, maintains and licenses indexes for use as
benchmarks and as the basis of investment products. Best-known for the
Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000
equity indexes as well as fixed-income and alternative indexes,
including measures of hedge funds, commodities and real estate. Dow
Jones Indexes employs clear, unbiased and systematic methodologies that
are fully integrated within index families. Dow Jones Indexes is part of
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About Credit Suisse AG
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clients its combined expertise in the areas of private banking,
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services, comprehensive solutions and innovative products to companies,
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SOURCE Credit Suisse AG
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