Sun, Oct 22, 2017
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 reviews 2009 performance, recaps best year for the industry in a decade

Friday, January 22, 2010
Opalesque Industry Update - Credit Suisse Tremont Index LLC today released a new research piece, "Hedge Funds Hit a High Note: 2009 Industry Review," that examines hedge fund performance in 2009 with a focus on the key factors that contributed to the turnaround seen in the industry last year.

2009 marked the best annual hedge fund performance in a decade (as measured by the Credit Suisse/Tremont Hedge Fund Index “the Index”) and the greatest performance rebound since inception of the Index in 1994. The report examines the key return drivers in the industry in 2009 and explores some of the noteworthy trends which have developed as a result of the current market dislocation. Overall, the Index was up nearly 19% with 83% of all funds posting positive performance as of December 31, 2009.

Some key conclusions from the report include:

􀂄 Overall, hedge funds have recouped 77% of 2008 losses from previous peak performance levels or “high water marks.”

􀂄 An estimated 58% of all “impaired” assets have returned to standard liquidity status, representing a total of $102 billion. An additional $72 billion in impaired assets currently remain illiquid.

􀂄 The hedge fund industry experienced net inflows of $12 billion in the fourth quarter; however, overall the industry lost $74 billion as a result of investor redemptions in 2009.

􀂄 Including performance gains, current industry assets under management are estimated at $1.5 trillion as of December 31, 2009.

􀂄 The percentage of closed funds in the industry has dropped from 17% to 13% since November 2007, signifying increased investor access to some of the industry’s most in-demand managers.

In addition, Credit Suisse Tremont LLC has also published a new monthly commentary which offers insight into December hedge fund performance. All industry commentaries and publications are available in the Research section on www.hedgeindex.com.

Click here to view the 2009 year end report or click here to view the December 2009 monthly commentary.

Source.


Bg

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. Regulatory - David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge, Carried interest tax: How much does it matter?, Odey sees 'terrifying' mix in MiFID, tapering, asset values, Hedge funds come together to share cost of MiFID and research, SEC turns up the heat on U.S. investment advisers, India's Sebi asks hedge funds to report investments in commodity derivatives[more]

    David Stockman: Trump tax reform overhaul is a pipe dream, stocks are heading for 40-70% plunge From CNBC.com: David Stockman is warning about the Trump administration's tax overhaul plan, Federal Reserve policy, saying they could play into a severe stock market sell-off. Stockman, the R

  2. North America - Puerto Rico rejects loan offers, accusing hedge funds of trying to profit off hurricanes[more]

    From TheIintercept.com: Puerto Rico has rejected a bondholder group's offer to issue the territory additional debt as a response to the devastation of Hurricane Maria. Officials with Puerto Rico's Fiscal Agency and Financial Advisory Authority said the offer was "not viable" and would harm the islan

  3. Investing - WPP targeted by short-selling American hedge fund, Sun co-founder sells secretive hedge fund on big chip trade[more]

    WPP targeted by short-selling American hedge fund From Cityam.com: An American hedge fund has mounted a bet against WPP, the world's largest advertising group, with a trade worth almost £90m. Lone Pine Capital has built a short position worth 0.51 per cent of the FTSE 100 company,

  4. Hedge funds up as industry adjusts to rising rates[more]

    Komfie Manalo, Opalesque Asia: Hedge funds have reshuffled their portfolio after nearly four weeks of rising rates as the Lyxor Hedge Fund Index was up +0.2% from 19 September to 26 (+1.1% YTD), fuelled by strong results of global macro funds, Lyxor Ass

  5. Manager Profile - How the world's hedge fund king used 'idea meritocracy' to become a billionaire[more]

    From Forbes.com: In 1982, Ray Dalio made what he calls the biggest mistake of his life. He made a bet that there would be an economic collapse stemming from a debt crisis. And he was wrong. He lost money. He lost his client's money. He had to let people go from his firm and borrow money from his dad