The Credit Suisse Long/Short Equity Replication Index was up 0.14 per cent net in April, according to Jordan Drachman, head of research for alternative beta strategies at Credit Suisse.
The Credit Suisse Long/Short Equity Replication Index was up 0.14 per cent net in April, according to Jordan Drachman, head of research for alternative beta strategies at Credit Suisse.
The Credit Suisse Global Macro Replication Index was down 0.37 per cent over the same period.
Early estimates for the long/short equity sector of the Credit Suisse/Tremont Hedge Fund Index also point towards a modest positive return, while early estimates for the global macro sector of the benchmark point towards a modest negative return.
‘Like prior months in recent history, hedge funds remained cautious while managers slowly regained exposure to the markets in an effort to take advantage of the recent rally in equities,’ says Drachman (pictured).
The Credit Suisse Global Macro Replication Index seeks to track the global macro sector of the benchmark Credit Suisse/Tremont Hedge Fund Index, while the Credit Suisse Long/Short Equity Replication Index seeks to track the long/short equity sector of the same benchmark.
