Fri, Dec 19, 2014
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Credit Suisse/Tremont Hedge Fund Index posts +2.09% (est) in March (+2.96 YTD)

Friday, April 09, 2010
Opalesque Industry Updates - Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) will finish up +2.09% in March (based on 70% of assets reporting).

Key highlights for the month;
- Estimates indicate hedge funds are on track to post their highest returns since November 2009. Managed Futures was the best performing sector in the period, returning an estimated 4.84% in March, with trend followers posting the highest returns within the sector. Gains were largely generated from trades in equities, crops, base metals and particularly from short exposures to the Euro and Sterling.

- Emerging Markets returned an estimated 3.62% in March, making a comeback from the previously negative returns seen in the first two months of 2010. Returns were largely driven by profitable currency trades and strong equity performance across emerging markets.

- Event Driven finished up an estimated 3.36% in March. Credit driven situations were the main drivers of returns in the space, as managers benefited from strong credit markets, which, in turn, were bolstered by a record level of junk bond sales.

- Long/Short Equity funds returned an estimated 3.04% last month, as global equity markets rallied following various positive economic indicators. Conversely, Dedicated Short Bias managers struggled throughout the month, finishing down an estimated 6.21%.

Global Macro experienced mixed performance and finished almost flat for the month. Managers with long exposures to sovereign credit finished in negative territory, while those with currency and equity focus typically performed well.

Full performance table available: Source

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 - Big hedge funds win again on PetSmart, Riverbed, RBS sells real estate loans to hedge fund Cerberus, Talisman energy speculation: Which hedge funds could benefit?[more]

    Big hedge funds win again on PetSmart, Riverbed From CNBC.com: Another week, another set of wins for activist investors. On Sunday, pet supply retailer PetSmart agreed to the largest leveraged buyout of the year at $8.7 billion. Hedge fund firm JANA Partners had been pushing for a sale a

  2. Outlook - Hedge fund manager who remembers 1998 rout says prepare for pain, Bond guru Bill Gross predicts U.S. economic growth to dip to 2%[more]

    Hedge fund manager who remembers 1998 rout says prepare for pain From Bloomberg.com: Stephen Jen landed in Hong Kong in early January 1997 as Morgan Stanley’s newly minted exchange-rate strategist for Asia. He was soon working around the clock when investors began targeting the region’s

  3. Investing - Hedge funds get boost from healthcare in 2014, Paulson & Co takes stake in Salix on heels of inventory issues[more]

    Hedge funds get boost from healthcare in 2014 From Valuewalk.com: The healthcare sector started the year on a turbulent note, as stocks of many major biotechnology companies were battered. However, most of the players in this sector have bounced back. The BarclayHedge Healthcare & Biotec

  4. Opalesque Exclusive: U.S. legal receivables fund launched in August[more]

    Benedicte Gravrand, Opalesque Geneva for New Managers: Investing in asset-backed receivables is a strategy that has been an integral part of the alternative investment space within the overall fixed income asset c

  5. Comment - High fees and low performance hit hedge funds[more]

    From FT.com: Disenchantment over high fees and lackluster performance may finally be turning the tide against hedge funds, fresh data suggest. Despite generally weak returns since the global financial crisis, hedge funds have enjoyed positive net inflows every year since 2010. This helped assets und