Credit Suisse/Tremont Hedge Fund index finished up 0.65% in March

By Jennifer Chiou

New York, April 15 - The Credit Suisse/Tremont Hedge Fund index was up 0.65% in March, according to Credit Suisse Index Co., Inc. president Oliver Schupp.

Also, the following four funds are no longer reporting to the index: Kinyan Capital, JB Diversified Fixed Income Hedge Fund, Peloton Multi-Strategy Master Fund and the Dejima Fund Ltd.

"Hedge funds posted slight gains in March, bringing year-to-date returns to 0.85%. As markets continue to demonstrate volatility, hedge funds remain defensively positioned, which prevented some managers from fully capitalizing on last month's equity rally," Schupp added in a news release.

"However, despite March gains, most equity indices are down for the year, while hedge funds' returns to date have been positive with far less volatility. Emerging markets funds, in particular, performed well in March, returning 2.24% as hedge fund managers benefited from stronger commodities markets and government fiscal stimulus plans."

The Credit Suisse/Tremont family of hedge fund indexes includes four separate indexes: the Hedge Fund index, an asset-weighted benchmark that measures hedge fund performance; the AllHedge index, an investable index comprised of all 10 Credit Suisse/Tremont Sector Invest indexes weighted according to the sector weights of the Hedge Fund index; the Blue Chip index, an investable index comprised of the 60 largest funds across the 10 style-based sectors in the Hedge Fund index; and the specialty indexes, the first of which is the LEA index, an asset-weighted, composite index that tracks Latin America, Emerging Europe, Middle East and Africa, and Asia

Credit Suisse Tremont Index LLC is a New York-based joint venture company of Credit Suisse Index Co., Inc., a subsidiary of Credit Suisse Co., Inc., and Tremont Group Holdings, Inc.

Returns

Index/category March February

Credit Suisse/Tremont Hedge Fund index 0.65% Negative 0.88%

Convertible Arbitrage 1.14% 0.75%

Dedicated Short Bias Negative 5.47% 3.22%

Emerging Markets 2.24% Negative 2.10%

Equity Market Neutral 1.10% Negative 5.61%

Event Driven 0.16% Negative 1.13%

Distressed 0.12% Negative 1.20%

Event Driven Multi-Strategy 0.16% Negative 1.12%

Risk Arbitrage 1.65% 0.69%

Fixed Income Arbitrage 1.74% 1.01%

Global Macro 0.03% 0.21%

Long/Short Equity 1.86% Negative 1.34%

Managed Futures Negative 2.18% Negative 0.16%

Multi-Strategy 0.38% Negative 0.09%

S&P 500 TRI index 8.76% Negative 10.65%

Dow Jones World index 7.78% Negative 10.17%

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