Thu, Nov 27, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

New Credit Suisse/Tremont Hedge Fund Index research paper shows hedge funds on track for best annual returns in last decade

Wednesday, October 21, 2009
Opalesque Industry Updates - Credit Suisse Tremont Index LLC today released a new research piece, "Q3 2009 Hedge Fund Update: On the Road to Recovery" that reviews third quarter hedge fund performance with a focus on the ongoing recovery of the overall industry.

The report explores the year-to-date performance of hedge funds as represented by the Credit Suisse/Tremont Hedge Fund Index, which are currently on track to post their best annual returns in 10 years. Through September 30, 2009, the Credit Suisse/Tremont Hedge Fund Index is up 15% with 83% of all funds posting positive performance.

Some key takeaways from the report include:

- 26% of all hedge funds have “fully recovered” their losses from 2008, i.e., they have regained all losses to meet or surpass previous peak performance levels.
- Overall, the industry experienced net outflows of $4.8 billion in the third quarter.
- Sizeable redemptions occurred in the Event Driven sector, resulting in a net outflow of $7.4 billion for the quarter.
- The Long/Short Equity sector experienced the most significant increase in new capital, resulting in a net positive flow of $3.0 billion for the quarter.
- Including performance gains, total hedge fund AuM is estimated at $1.4 trillion as of September 30, 2009. This is up from an estimated $1.3 trillion as of June 30, 2009.

Note: Asset flows based on information provided by underlying funds within the Credit Suisse/Tremont Hedge Fund database as of September 30, 2009.

Credit Suisse Tremont Index LLC industry commentaries and publications are available in the Research section on www.hedgeindex.com. Full report is available here: www.hedgeindex.com

kb

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. Investing - George Soros puts $500m of his money on Bill Gross, Soros, Paulson backed Hispania Activos mulls Realia takeover, Ex-Credit Suisse trader’s hedge fund sees yen shorts as crowded, Hedge hunters double default-swaps as views split, Large hedge fund positions come under pressure, Vikram Pandit's fund picks 50% stake in JM Financial's realty lending arm for $87m[more]

    George Soros puts $500m of his money on Bill Gross From WSJ.com: Before Bill Gross was fully settled in at his new firm, Janus Capital Group Inc., he received an unlikely visit from the chief investment officer of famed investor George Soros ’s firm, according to a person familiar with t

  2. Unlucky Paulson & Co. rebrands $1.6bn Recovery Fund after 13% drop[more]

    From Businessweek.com: A maturing U.S. economic recovery is prompting Paulson & Co. to change course. The $19 billion hedge fund firm, led by billionaire John Paulson, told investors on a conference call this month that the Paulson Recovery Fund will be renamed Paulson Special Situations Fund on Jan

  3. Europe - Hedge funds face exit tax as Iceland central bank discusses plan[more]

    From Bloomberg.com: Hedge funds and other creditors with claims against Iceland’s failed banks face an exit tax as the island looks for ways to unwind capital controls without hurting the economy. The government targets having a plan it can present by year-end that would map out how Iceland will sca

  4. Opalesque Exclusive: Risk management emerges as a competitive focus area for hedge funds[more]

    Bailey McCann, Opalesque New York: Risk management has always been a core component of any trading strategy, as well as a critical part of business management. However, as macreconomic weakness persists, and alpha becomes increasingly hard to generate, risk management as emerged as a more promin

  5. Gross: Inflation is required to pay for prior inflation[more]

    Benedicte Gravrand, Opalesque Geneva: As inflation rises, every dollar will buy a smaller percentage of a good. While deflation will mean a decrease in the general price level of goods and services. These two economic conditions are both in the waiting room. The consensus would like the former to