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Credit Suisse/Tremont Hedge Fund Index confirms August performance up 1.53%, 11.57% YTD

Tuesday, September 15, 2009
Opalesque Industry Updates - Final performance for the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is confirmed up 1.53% in August, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.

Mr. Schupp said, “August marks the sixth straight month of positive performance for hedge funds as measured by the Broad Index, bringing the Credit Suisse/Tremont Hedge Fund Index up to 11.57% year-to-date. Convertible Arbitrage strategies led the performance among sectors and extended their run of positive performance to eight consecutive months, returning 3.39% in August and 35.58% year-to-date.”

Schupp added, “Another notable sector for the month is Fixed Income Arbitrage, which finished up 2.38%, as managers took advantage of favorable investment opportunities as a result of the US Treasury’s announced extension of its asset-backed securities loan facility (TALF) program.”

The Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is the industry’s premier asset-weighted hedge fund index. Unlike equal-weighted indices, the Broad Index does not underweight top performers and overweight decliners in order to provide the most accurate representation of the hedge fund universe.

Performance for the Broad Index and its ten sub-strategies is calculated monthly. August, July and 2009 returns are listed here and are available at


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