Tue, Mar 31, 2015
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Dow Jones Indexes, Credit Suisse announce launch of Dow Jones Credit Suisse Core Hedge Fund Index

Wednesday, April 06, 2011

Michael A. Petronella
Opalesque Industry Update - Daily Priced Index Offers New Industry Standard for Tracking Performance of the Liquid Hedge Fund Universe

Dow Jones Indexes and Credit Suisse today announced the launch of the Dow Jones Credit Suisse Core Hedge Fund Index, the newest addition to their market-leading hedge fund index family.

The Dow Jones Credit Suisse Core Hedge Fund Index is the first index of its kind to utilize multiple managed account platforms to track the liquid, investable hedge fund universe. Following the market events of 2008, increased attention has been focused on liquid hedge fund structures, including managed accounts, which tend to offer superior liquidity and transparency. The enhanced risk management capabilities of these flexible investment vehicles has led to a resurgence of interest in the space, and the launch of the Dow Jones Credit Suisse Core Hedge Fund Index marks a revolutionary step toward measuring the performance of this rapidly growing industry segment.

The Dow Jones Credit Suisse Core Hedge Fund Index is the first and only hedge fund index designed to reflect the performance of managed accounts and other regulated fund structures sourced from multiple best-in-class managed account platforms, creating an unparalleled view of the liquid, investable hedge fund universe. This truly innovative approach represents a significant advantage over other indexes which are limited to the funds available on single managed account platforms and is designed to reflect the broadest representation of the liquid hedge fund universe with limited platform bias.

According to Oliver Schupp, President of Credit Suisse Index Co., LLC, “The Dow Jones Credit Suisse Core Hedge Fund Index was launched in response to increasing investor demand for more transparency and liquidity in the hedge fund universe and we believe the index’s unique approach provides investors with a superior tool for measuring hedge fund performance. The credit crisis of 2008 heightened hedge fund investors’ awareness of their liquidity needs and as a result, investors today are actively seeking the objective, transparent insight into the performance of the hedge fund industry that the Dow Jones Credit Suisse Core Hedge Fund Index provides.”

Michael A. Petronella, President, Dow Jones Indexes, added, “The Dow Jones Credit Suisse Core Hedge Fund Index clearly fills a void for investors seeking a reliable and trustworthy performance gauge of liquid, investable hedge funds. We’re proud to join with Credit Suisse in providing investors with unprecedented insight into this highly sought-after asset class.”

Rebalanced quarterly, the Dow Jones Credit Suisse Core Hedge Fund Index is UCITS III compliant and includes 40 component funds diversified across seven style-based sectors: event driven, long/short equity, global macro, emerging markets, managed futures, fixed-income arbitrage and convertible arbitrage. The index employs an objective, fully transparent selection process with all index constituents required to provide daily valuations and weekly, or better, liquidity to be considered for inclusion in the index.

(press release)

As the industry’s premier asset-weighted hedge fund indexes, the Dow Jones Credit Suisse Hedge Fund Indexes platform consists of a range of geographical and strategy-specific hedge fund indexes that are constructed from a proprietary data-base of more than 8,000 hedge funds which seeks to provide the most accurate representation of the hedge fund universe.

Additional information about the Dow Jones Credit Suisse Core Hedge Fund Index and all of the Dow Jones Credit Suisse Hedge Fund Indexes -- including research, fund performance and constituent fund information -- can be found at www.hedgeindex.com.

Bg

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. Other Voices: Does the hedge fund industry benefit society?[more]

    This article was authored by Don Steinbrugge, Chairman of Agecroft Partners, a US-based global consulting and third party marketing firm for hedge funds. It is no secret that the hedge fund industry is viewed negatively by a la

  2. Private credit comes into focus for investors[more]

    Bailey McCann, Opalesque New York: As investors look for a way out of the low yield/no yield environment, private credit is becoming an increasingly attractive asset class, according to a white paper from Bayshore Capital Advisors. Private credit has grown steadily since the financial crisis as

  3. M&A - Hedge funds no longer attractive targets for banks, reinsurers, Blackstone buys stake in Christopher Pucillo’s Solus event-driven hedge fund[more]

    Hedge funds no longer attractive targets for banks, reinsurers From Institutionalinvestor.com: Swiss RE, the world’s second-largest reinsurer, is looking to sell its 15 percent stake in Jersey, Channel Islands–based hedge fund firm Brevan Howard Asset Management. Morgan Stanley reported

  4. Opalesque Radio: Threadneedle expects continuing equity volatility this year[more]

    Benedicte Gravrand, Opalesque Geneva: Investors should expect more volatility, which is signaling a "slow moving" top to the market, KKM Financial’s founder and CEO Jeff Kilburg told CNBC on Monday. And this volatility is going

  5. Hedge funds show strong performance of 2.52% so far in 2015[more]

    Komfie Manalo, Opalesque Asia: The hedge fund industry got off to a strong start in 2015 "completely unmindful" of the poor performance last year, according to data provider Preqin. According to Preqin, following a year which saw the average he

 

banner