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Credit Suisse/Tremont Hedge Fund Index confirms December performance up 0.88% and 18.57% for 2009 - best annual return in a decade

Friday, January 15, 2010
Opalesque Industry Update - Final performance for the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is confirmed up 0.88% in December and 18.57% for the year, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.

Mr. Schupp said, “Hedge funds added an additional 0.88% to overall performance in December, solidifying the best annual returns for the Credit Suisse/Tremont Hedge Fund Index in ten years. The Event Driven sector was the highest performer for the month, returning 2.28%, while Convertible Arbitrage and Emerging Markets were the strongest overall performers for the year, returning 47.35% and 30.03% respectively. Dedicated Short and Managed Futures funds continued to struggle, however the sectors were the only two to finish 2008 in positive territory and are now the only two sectors to finish 2009 in the red.”

Schupp went on to say “In our annual year-end hedge fund review which is scheduled for publication next week, Credit Suisse/Tremont will provide our analysis of the factors which we believe shaped hedge fund performance in 2009 as well as our views on how the hedge fund landscape has changed over the past year."

December, November and 2009 returns are listed here and are available at www.hedgeindex.com.


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