Final performance for the Credit Suisse/Tremont Hedge Fund Index (Broad Index) is confirmed up 3.04% in September, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.
The Credit Suisse/Tremont Hedge Fund Index finished up 3.04% in September, bringing third quarter returns to 7.27%, marking the strongest third quarter performance for hedge funds in 12 years, says Schupp. The Broad Index is up to 14.97% year-to-date. The Emerging Markets strategy led the performance among sectors, returning 4.94% in September and 24.67% year-to-date. Schupp added, Another notable sector for the month was Convertible Arbitrage, which extended its gains into September, finishing up 3.23%. Convertible Arbitrage posted a 12.92% return for the quarter, its strongest third quarter earnings since the inception of the Credit Suisse/Tremont Hedge Fund Index, as managers benefited from favorable market conditions.
The Credit Suisse/Tremont Hedge Fund Index (Broad Index) is one of the industrys premier asset-weighted hedge fund index. Unlike equal-weighted indices, the Broad Index does not underweight top performers and overweight decliners in order to seek to provide the most accurate representation of the hedge fund universe.
Performance for the Broad Index and its ten sub-strategies is calculated monthly. September, August and 2009 returns are listed below and are available at www.hedgeindex.com.
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