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Early view: Dow Jones Credit Suisse Hedge Fund Index estimated up 1.44% in February

Wednesday, March 09, 2011
Opalesque Industry Update - Early estimates indicate the Dow Jones Credit Suisse Hedge Fund Index ("Broad Index") continued to rally in February, posting positive performance of 1.44% for the month (based on 72% of assets in the index reporting).

Key highlights for the month:

  • Hedge Funds posted a second positive month in 2011, as the Dow Jones Credit Suisse Hedge Fund index rose an estimated 1.44%. Eight out of ten sectors posted positive performance for the month.
  • Managed Futures hedge funds posted positive performance for the month finishing up 2.56%. Trend followers in the commodities space posted the strongest gains in the energy and precious metals sectors.
  • Managers in the Event Driven space posted another month of positive performance in February, up 1.59% as an increased number of opportunities in the special situations space continued to appear.
  • Global Macro funds also posted positive performance in February, finishing up 1.26% for the month as managers used their wide investment mandate to profit from positions in commodities and currencies.

    Estimates are based on 72% of assets in the index reporting; final February performance will be published March 15th on Bloomberg and online at www.hedgeindex.com. For a complete description of the Dow Jones Credit Suisse Hedge Fund Index, please see the index rules available at www.hedgeindex.com.

    (press release)

    Credit Suisse Hedge Index LLC is headquartered at 11 Madison Avenue, New York, NY 10010-3629.

    About Dow Jones Indexes
    Dow Jones Indexes (www.djindexes.com) 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 part of a joint venture company owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com).

    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 50,500 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 www.credit-suisse.com...Full press release: Source

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