Credit Suisse/Tremont Hedge Fund Index confirms September performance up 3.04%
Final performance for the Credit Suisse/Tremont Hedge Fund Index is confirmed up 3.04% in September, according to Oliver Schupp, President of Credit Suisse Index Co, Inc.
"The Credit Suisse/Tremont Hedge Fund Index finished up 3.04% in September, bringing third quarter returns to 7.27%, marking the strongest third quarter performance for hedge funds in 12 years," said Schupp. "The Broad Index is up to 14.97% year-to-date. The Emerging Markets strategy led the performance among sectors, returning 4.94% in September and 24.67% year-to-date.
“Another notable sector for the month was Convertible Arbitrage, which extended its gains into September, finishing up 3.23%. Convertible Arbitrage posted a 12.92% return for the quarter, its strongest third quarter earnings since the inception of the Credit Suisse/Tremont Hedge Fund Index, as managers benefited from favorable market conditions.”
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