By Susanna Moon
Chicago, Feb. 17 - The Credit Suisse/Tremont Hedge Fund index was up 1.09% in January, according to final performance figures from Credit Suisse Index Co., Inc.
"Hedge funds showed signs of a rebound last month, finishing up over 1% despite U.S. equity markets experiencing the worst January in recent history," Oliver Schupp, president of Credit Suisse Index, said in a press release.
"Convertible Arbitrage managers, in particular, posted positive performance, benefiting both from improved credit markets and overall increased buying interest in the space," Schupp noted. "Global Macro managers also did well last month as market volatility created favorable trading opportunities. Overall, seven of the index's 10 sectors finished the month in positive territory."
Performance for the Credit Suisse/Tremont Hedge Fund index and its 10 sub-strategies is calculated monthly.
Credit Suisse Tremont Index LLC is a New York-based joint venture company of Credit Suisse Index, a subsidiary of Credit Suisse Co., Inc., and Tremont Group Holdings, Inc.
Returns
| Index/category | January | December | 2008
|
| Credit Suisse/Tremont Hedge Fund index | 1.09% | Negative 0.03% | Negative 19.07%
|
| Convertible Arbitrage | 5.72% | Negative 0.98% | Negative 31.59%
|
| Dedicated Short Bias | 3.69% | Negative 1.68% | 14.87%
|
| Emerging Markets | Negative 0.14% | 0.22% | Negative 30.41%
|
| Equity Market Neutral | 1.14% | 0.41% | Negative 40.32%
|
| Event Driven | 0.79% | Negative 1.26% | Negative 17.74%
|
| Distressed | Negative 0.06% | Negative 2.54% | Negative 20.48%
|
| Event Driven Multi-Strategy | 1.33% | Negative 0.49% | Negative 16.25%
|
| Risk Arbitrage | 0.38% | 1.60% | Negative 3.27%
|
| Fixed Income Arbitrage | 0.48% | Negative 0.80% | Negative 28.82%
|
| Global Macro | 2.33% | 1.11% | Negative 4.62%
|
| Long/Short Equity | Negative 0.17% | 1.06% | Negative 19.76%
|
| Managed Futures | Negative 0.56% | 2.37% | 18.33%
|
| Multi-Strategy | 3.35% | Negative 1.52% | Negative 23.63%
|
| S&P 500 TRI index* | Negative 8.43% | 1.06% | Negative 37.00%
|
| Dow Jones World index* | Negative 8.51% | 3.86% | Negative 42.85%
|
| *Total return indexes
|
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