Wed, Dec 13, 2017
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Credit Suisse and Dow Jones Indexes join forces on hedge fund indexes to create Dow Jones Credit Suisse Hedge Fund Indexes

Tuesday, June 22, 2010
Opalesque Industry Update - Credit Suisse, one of the world's leading financial services providers, and Dow Jones Indexes, a leading global index provider, today signed an agreement which covers the calculation, licensing, branding and marketing of the hedge fund indexes formerly known as the Credit Suisse/Tremont Hedge Fund Indexes.

Under this agreement, the indexes will be branded Dow Jones Credit Suisse Hedge Fund Indexes, and Dow Jones Indexes will calculate, distribute and market the indexes, while Credit Suisse affiliates will continue to manage the financial products linked to them. Credit Suisse and Dow Jones Indexes intend to keep the methodologies and rules for each of the existing indexes consistent with past practices.

The Dow Jones Credit Suisse Hedge Fund Indexes are a family of hedge fund indexes which include broad market and investable indexes, all designed to track hedge fund performance. As one of the industry's premier asset-weighted hedge fund indexes, the indexes are constructed from a database of more than 5,000 hedge funds and seek to provide the most accurate representation of the hedge fund universe. The index family presently consists of 17 indexes, including a range of geographical and strategy-specific hedge fund indexes, and will expand over time. The current index family includes:

1. The Dow Jones Credit Suisse Hedge Fund Index (the "Broad Index"), formerly known as the Credit Suisse/Tremont Hedge Fund Index, is an asset-weighted benchmark that measures hedge fund performance and seeks to provide the most accurate representation of the hedge fund universe.

2. The Dow Jones Credit Suisse AllHedge Index, an investable index comprised of all 10 Dow Jones Credit Suisse AllHedge Strategy Indexes (formerly known as the Credit Suisse/Tremont Sector Invest Indexes) weighted according to the sector weights of the Broad Index.

3. The Dow Jones Credit Suisse Blue Chip Hedge Fund Index (formerly known as the Credit Suisse/Tremont Investable Hedge Fund Index), an investable index comprised of 60 of the largest funds across the ten style-based sectors in the Broad Index; and

4. The Dow Jones Credit Suisse LEA Hedge Fund Index, an asset-weighted, composite index which provides insight in to three specific regions of the emerging markets hedge fund universe (Latin America, EEMEA (Emerging Europe, Middle East and Africa) and Asia).

Oliver Schupp, president, Credit Suisse Index Co., Inc. said, "For over a decade, Credit Suisse has been at the forefront of the hedge fund industry, providing investors with important tools and benchmarks to analyze hedge fund performance.

This collaboration merges the hedge fund expertise of Credit Suisse with the technology and distribution strengths of Dow Jones Indexes and we are eager to work with them in our continued efforts to develop industry-leading benchmarks and innovative alternative investment solutions."

"Credit Suisse, a leading name in hedge funds, together with Dow Jones Indexes, a leading name in indexing, will result in an exceptional partnership opportunity and a superb range of products," said Michael A. Petronella, president designate, Dow Jones Indexes. "This family of hedge fund indexes will be a prominent benchmark for hedge fund performance within the industry," he added.

The current Credit Suisse operational and managerial team remains in place, with Oliver Schupp as president of Credit Suisse Index Co., Inc. The indexes will continue to provide accurate representation of the universe of funds, transparency, and oversight and objectivity. Dow Jones Indexes will discontinue its existing hedge fund indexes as of June 30. The joint venture between Credit Suisse and Tremont Capital Management, Inc. has been dissolved.

Additional information about the Dow Jones Credit Suisse Hedge Fund Indexes can be found at Source

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. Mediobanca acquires majority stakes in Swiss hedge fund[more]

    Komfie Manalo, Opalesque Asia: Listed diversified banking group Mediobanca SpA said it has acquired a majority stake in Geneva-based hedge fund firm RAM Active Investments SA (RAM AI), an active and alternative asset manager offering a range of act

  2. Launches - Ex-BlueCrest team to open over $200m hedge fund, Greg Coffey, a hedge fund star who retired at 41, is eyeing a comeback, Brevan Howard plans Greek funds as bond rally signals revival[more]

    Ex-BlueCrest team to open over $200m hedge fund From Bloomberg.com: A team of traders who left BlueCrest Capital Management earlier this year raised more than $200 million for their own hedge fund focused on Asian stocks, according to a person familiar with the matter. Ovata Capital Manag

  3. North America - Miami could attract hedge funds if SALT deductions axed[more]

    From Law360.com: For years, inertia has been Nitin Motwani's greatest foe in his attempts to lure hedge fund owners in the northeast to Miami, which he has pitched as a tropical low-tax paradise. But with the Republican tax bill proposing to eliminate deductions for state and local taxes, he's sensi

  4. Northleaf Capital Partners closes debut private credit fund on $670M[more]

    Bailey McCann, Opalesque New York: Northleaf Capital Partners has closed its debut private credit fund - Northleaf Private Credit I - on $670 million. The vehicle will invest in private credit transactions in Europe and North America, with a primary focus on lending to private equity-backed compa

  5. ...And Finally - The ongoing gun saga in the U.S.[more]

    From Newsoftheweird.com: As elder members of the First United Methodist Church in Tellico Plains, Tennessee, gathered on Nov. 16 to discuss the recent church shooting in Sutherland Springs, Texas, one of those present asked if anyone had brought a gun to church. One man spoke up and said he c