Thu, Oct 19, 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. 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