Credit Suisse Index Co., Inc released today its second quarter performance review for the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index, reporting that it finished the quarter up 3.97 percent net, according to Oliver Schupp, President of the Credit Suisse Tremont Index, LLC.
“We are pleased to present our quarterly review analysing the performance of the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index for the second quarter of 2007,” says Mr. Schupp. “Hedge fund managers experienced a generally strong second quarter, thanks to a favorable market environment, that allowed nine of the ten hedge fund strategies in this index to produce positive quarterly results.”
The company reports Consistent positive performance of the Credit Suisse/Tremont Hedge Fund Index led to a strong second quarter for index-linked products. They also say that Managed Futures, Event Driven and Long/Short Equity were the top performing sectors of the quarter for the Credit Suisse/Tremont Blue Chip Investable Hedge Fund Index
Schupp adds: “Record highs in the beginning of the quarter in global equity markets, a continued upward trend in mergers and acquisition activity and high volatility at the end of the quarter all contributed positively to hedge fund performance for the second quarter of 2007.”