Opalesque Industry Update - Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Hedge Fund Index finished relatively flat in March, gaining 0.12%; however, as evidenced by the daily performance of the newly launched Dow Jones Credit Suisse Core Hedge Fund Index, hedge funds fell approximately 1% mid-month before they rebounded to recover losses suffered following tsunami-related events in Japan." |
Schupp continued, "The addition of the Dow Jones Credit Suisse Core Hedge Fund Index enables investors to more accurately track the impact of market events on the hedge fund industry on a daily basis and provides the objective, transparent insight investors are seeking from the hedge fund space."
Performance for the Dow Jones Credit Suisse Hedge Fund Index and its ten sub-strategies is calculated monthly. March, February and 2011 year-to-date performance is listed below and available at www.hedgeindex.com
Press release (Source)