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Industry Updates

Credit Suisse/Tremont Hedge Fund Index posts +1.24% in April

Monday, May 17, 2010
Opalesque Industry Updates - Final performance for the Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is confirmed up 1.24% in April

Oliver Schupp, President of Credit Suisse Index Co., Inc., said, “The Credit/Suisse Tremont Hedge Fund Index returned 1.24% in April, with nine out of ten sectors posting positive performance for the month. Top performers included Managed Futures (+1.89%), Event Driven (+1.89%) and Global Macro (+1.65%).

Managed Futures delivered another month of positive performance with trend followers and high frequency managers generating profits despite some market reversals in April, as their volatility-breakout models were able to pick up the sudden downturn of the markets, as well as the reversals which followed. Moreover, gains in the Event Driven space were driven by managers’ long exposures to distressed debt and equity investments. Finally, Global Macro posted its best 2010 returns in April, as managers profited from strategic, theme-based trading and tactical opportunities provided by the month-end volatility.”

The Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is one of the industry’s premier asset-weighted hedge fund indices. Unlike equal-weighted indices, the Broad Index does not underweight top performers and overweight decliners as it seeks to provide the most accurate representation of the hedge fund universe. Performance for the Broad Index and its ten sub-strategies is calculated monthly. April, March and year-to-date returns are listed below and are available at Source

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