Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index (Broad Index) will finish down 0.45% in February (based on 59% of assets reporting).
Analyzing recent events affecting the markets, such as President Obamas $787 billion economic stimulus package combined with bank rescue plans and other initiatives, leads Credit Suisse research to believe markets could stabilize by mid-year and possibly lead to a tepid recovery in late 2009 or early 2010.
Strategy Estimates. The table below outlines name of index (first column), February 2009 result (second column) and January 2009 result (third column).
CS/Tremont Hedge Fund Index -0.45% 0.80%
Convertible Arbitrage
2.93%
7.43%
Dedicated Short Bias
4.09%
2.02%
Emerging Markets
-1.12%
0.66%
Equity Market Neutral
0.20%
1.91%
Event Driven
-1.26%
0.65%
Distressed
-1.72%
1.03%
Event Driven Multi-Strategy
-1.11%
0.26%
Risk Arbitrage
1.29%
0.44%
Fixed Income Arbitrage
1.03%
0.38%
Global Macro
0.18%
2.54%
Long/Short Equity
-1.26%
-1.17%
Managed Futures
-0.12%
-0.53%
Multi-Strategy
-0.07%
1.59%
MSCI World
-10.49%
-8.85%
Barclays Capital Aggregate Bond Index
-2.23%
-3.27%
DJ AIG Commodities Index
-4.46%
-5.38%
L.D.