Industry Updates

Update: Dow Jones Credit Suisse Hedge Fund Index confirmed to finish up 3.43% in September (5.98% YTD)

Friday, October 15, 2010

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Opalesque Industry Update - Final performance for the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) is confirmed up 3.43% in September and 5.98% YTD

Oliver Schupp, President of Credit Suisse Index Co., Inc., said, “The Dow Jones Credit Suisse Hedge Fund Index rose 3.43% in September, with nine out of ten sectors posting positive performance for the month. Among the top performing sectors were Long/Short Equity (+5.09%) and Emerging Markets (+4.77%), which benefited from long directional exposure to the global equity market rally in September. The Event Driven sector finished up 3.20% as managers continued to capitalize on increasing activity in the M&A and distressed debt space.”

Performance for the Broad Index and its ten sub-strategies is calculated monthly. September, August, and year-to-date performance numbers are listed below and are available at www.hedgeindex.com

Index	September 2010	August 2010	YTD
Broad Index	3.43%	0.23%	5.98%
Convertible Arbitrage	1.11%	1.35%	7.51%
Dedicated Short Bias	-11.28%	5.15%	-12.49%
Emerging Markets	4.77%	0.12%	7.72%
Equity Market Neutral	3.66%	-1.55%	-0.96%
Event Driven	3.20%	-0.40%	6.31%
Distressed	2.07%	-0.64%	5.58%
Event Driven Multi-Strategy	4.03%	-0.24%	6.78%
Risk Arbitrage	2.31%	0.31%	4.14%
Fixed Income Arbitrage	1.55%	1.24%	9.79%
Global Macro	2.72%	1.48%	9.33%
Long/Short Equity	5.09%	-1.12%	3.12%
Managed Futures	2.77%	4.87%	6.44%
Multi-Strategy	2.79%	0.01%	5.01%
Dow Jones Industrial Average*	7.85%	-3.91%	5.57%
Dow Jones World Index	9.54%	-3.62%	2.89%