Opalesque Industry Update - The Dow Jones Credit Suisse Hedge Fund Index (the
“Broad Index”) fell for a second straight month, finishing down 3.20% in September
versus a monthly loss of 9.88% for the Dow Jones Global Index.|
Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Hedge Fund Index fell 3.20% in September, marking its largest one month decline in more than a year. Yet for many investors, the hedge fund industry continues to remain attractive on a relative basis compared to other asset classes. For example, equities, as reflected by the Dow Jones Global Index, lost 9.88% last month.” Schupp continued, "Despite the drawdown, hedge funds appear to have performed in line with investor expectations and to have provided a level of capital preservation during an increasingly difficult market period. As a result, the hedge fund industry saw an estimated $25 billion in inflows year-to-date."
Performance for the Broad Index and its ten sub-strategies is calculated monthly. September, August and YTD performance numbers are listed below and are available at www.hedgeindex.com...Full performance table: Source