Final performance for the Credit Suisse/Tremont Hedge Fund Index was up 1.09 per cent in January, according to Oliver Schupp, president of Credit Suisse Index.
Final performance for the Credit Suisse/Tremont Hedge Fund Index was up 1.09 per cent in January, according to Oliver Schupp, president of Credit Suisse Index.
Schupp says: ‘Hedge funds showed signs of a rebound last month, finishing up over one per cent despite US equity markets experiencing the worst January in recent history. Convertible arbitrage managers, in particular, posted positive performance, benefiting both from improved credit markets and overall increased buying interest in the space.
‘Global macro managers also did well last month as market volatility created favorable trading opportunities. Overall, seven of the index’s ten sectors finished the month in positive territory.’
Convertible arbitrage was up 5.72 per cent in January, while global macro was up 2.33 per cent, dedicated short bias up 3.69 per cent and multi-strategy up 3.55 per cent.
However, emerging markets was down 0.14 per cent, managed futures down 0.56 per cent and long/short equity down 0.17 per cent.
The following three funds are no longer reporting to the Credit Suisse/Tremont Hedge Fund Index: Globalis Sovereign Growth and Income Master Fund, Gabelli European Partners and TT Event Driven Fund.
The following 11 funds were added to the index on 1 January 2009: HT Asian Catalyst Fund, Rising China Fund, Denholm Hall Russia Arbitrage Fund, Opportunity Unique Fund, Waterfall Eden Fund, Whippoorwill Offshore Distressed Opportunity Fund, Securis 1 Fund, Cura Fixed Income Arbitrage Master Fund, Comac Global Macro Fund, Glenrock Global Partners and Tulip Trend Fund.
