Mon, Oct 24, 2016
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight Into August Hedge Fund Performance

Wednesday, September 22, 2010
Opalesque Industry Update - The Dow Jones Credit Suisse Hedge Fund Index (“the Index”) Gained 0.23% in August and is up 2.46% YTD

A new monthly commentary offers insight into August hedge fund performance. Some key findings from the report include:

n Seven-out-of-ten strategies in the Index posted positive performance in August as managers generally remained cautiously positioned with relatively low portfolio risk levels.

n Many managers utilized equity hedges to protect their portfolios from continued volatility in equity markets. In comparison, the Dow Jones World Index was down 3.62% in August, and has fallen 6.08% year-to-date amid concerns over the weakening pace of global economic growth.

n Tactical strategies with broad investment spectrums such as Managed Futures and Global Macro were among the best performers in the Index, posting gains of 4.87% and 1.48% respectively. Performance in these sectors was largely led by profitable positions in the fixed income space.

n Long/Short Equity mangers posted some of the worst performance, finishing down 1.12%. U.S. focused Long/Short Equity funds experienced some of the most significant losses as the Dow Jones Industrial Average fell 4.31%.

n The Event Driven sector posted slightly negative performance this month finishing down 0.40% as directionally long positions from credit and equity strategies sustained modest losses. The Risk Arbitrage sub-sector was the only sector to finish up (0.31%) as M&A activity continued despite weak macro-economic data.

Industry commentaries and publications are available on the Research section of our website, Click here to view the full report which includes an overview of August hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

(press release)

About Dow Jones Indexes
Dow Jones Indexes ( 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 the marketing name of CME Group Index Services LLC, a joint venture company which is owned 90 percent by CME Group Inc. ( and 10 percent by Dow Jones & Company (, a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV;

About Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 48,300 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. M&A - U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga, Hedge fund Parvus shows hand, toppling William Hill merger deal[more]

    U.S. hedge fund HarbourVest is shock winner in the £1.1bn SVG Capital takeover saga From The fierce battle to buy Britain's biggest private equity group has come to an unexpected conclusion, with the original bidder walking away with the prize. SVG Capital has agreed

  2. Marc Lasry: Energy is still a phenomenal opportunity[more]

    From Distressed debt specialist Marc Lasry said energy debt is still a "phenomenal opportunity" because investors can get "massively overpaid" for the risk they take on. There are "huge opportunities" in the energy sector especially in restructurings, the Avenue Capital Group CEO said Tues

  3. Opalesque Exclusive: Ex-SAC manager re-emerges with market neutral hedge fund[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: A manager re-emerged from the SAC battleground last year to launch his own hedge fund under the umbrella of New York-based investment firm Endicott Group.

  4. North America - Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation, Billionaire hedge fund titans Dinan, Lasry on election, markets and best investment ideas[more]

    Hedge-fund manager Kyle Bass says the U.S. is on track for stagflation From Kyle Bass, founder of Hayman Capital Management, on Wednesday warned that the U.S. is headed toward so-called stagflation. Stagflation is typically described as persistently high inflation and hi

  5. Other Voices: Follow the advice of investment consultants - I think not[more]

    Mark Rzepczynski, Founding Partner, Chief Investment Officer AMPHI Research and Trading, writes on Harvest Exchange: Investment consultants are a force to the reckoned with in the pension world. They advise and drive many pension decisions around the globe. Consultants literally control trillion