Nov. 20, 2012
The Dow Jones Credit Suisse Hedge Fund Index finished down 0.18% in October. A new monthly commentary offers insight into hedge fund performance through the month of October. Some key findings from the report include:
- Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished October down 0.18%, with 5 out of 10 strategies in positive territory;
- In total, the industry saw estimated inflows of approximately $3.9 billion in October, bringing overall assets under management for the industry to approximately $1.75 trillion;
- The Global Macro and Fixed Income Arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in October equal to 1.63% and 0.78% of the September 2012 levels, respectively;
- Event Driven funds generated positive performance in October, with contributors from diversified long positions to credit strategies, and returns from special situation equities, while risk arbitrage holdings were somewhat mixed to slightly negative; and
- Long/Short Equity funds finished October in negative territory, though equity markets started the month positively. Positively contributing to performance was short Technology exposure, as well as net long exposure to Financials and large cap Banks.
Industry commentaries and publications are available in the "News" section of our website,
to view the full report which includes an overview of October hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
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About Credit Suisse AG
Credit Suisse AG
Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in
. Credit Suisse is headquartered in
and operates in over 50 countries worldwide. The group employs approximately 48,200 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in
and, in the form of American Depositary Shares (CS), in
. Further information about Credit Suisse can be found at
In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.