Mon, Sep 1, 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 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. Study shows what resonates with investors: 'Unwavering', 'passionate' beats 'committed', 'dedicated' and more surprises[more]

    Komfie Manalo, Opalesque Asia: A new study by Pershing Square, a unit of BNY Mellon company, showed that an effective value proposition strengthens audience connections and fosters growth, yet many advisors have had little objective guidance in formulating such statements until now. In the

  2. Comment – Why you should avoid the hottest hedge fund hands, Swedroe attacks Hussman over risk management, relative value strategy[more]

    Why you should avoid the hottest hedge fund hands FromCNBC/Yahoo.com: Investors who don't have money with Pershing Square Capital Management are likely salivating at the hedge fund's industry-leading 26 percent return from January through July. But investing with Bill Ackman and other to

  3. Hedge fund assets decline in July - eVestment[more]

    Bailey McCann, Opalesque New York: Total assets in hedge funds declined in July and dropped 0.49%, marking the industry's second monthly asset decline in 2014, according to the latest asset flows data from eVestment. Despite the asset decline, total industry AUM remained above the $3 trillion

  4. AIMA makes 'the case for hedge funds'[more]

    Bailey McCann, Opalesque New York: The Alternative Investment Management Association (AIMA), the global hedge fund industry body,

  5. Managed futures' global diversification is important in next phase of economic recovery[more]

    Komfie Manalo, Opalesque Asia: The global diversification provided by managed futures may prove to be extremely valuable as the markets enter the next phase of the economic recovery, said Campbell & Company, a pioneer in absolute return invest