Bringing you live news and features since 2006 

Credit Suisse/Tremont Hedge Fund Index up 0.39 per cent


Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index will finish up 0.39 per cent in December 2009, based on 62 per cent of assets reporting.

Top performing sectors in December included event driven (up 1.91 per cent), long/short equity (2.01 per cent), emerging markets (2.18 per cent) and convertible arbitrage (2.08 per cent).

Event driven managers capitalised on their credit books as high yield and leveraged loan markets spreads tightened. Managers also seized opportunities in select idiosyncratic distressed situations. 

Long/short equity and emerging markets experienced positive performance in the final month of the year with performance largely propelled by rallies in Japanese and certain European equity markets. Following early gains, many managers took risk off the books as markets slowed down in the second half of the month.

A correction in gold and other precious metals resulted in losses in the global macro (-2.07 per cent) and managed futures (-4.59 per cent) sectors. Many macro managers were also adversely affected by the reversal in the US Dollar. Quantitative funds experienced some of the steepest losses due to high levels of risk while discretionary managers had better performance as many pared back risk towards the end of the year.

Convertible arbitrage experienced its 12th consecutive month of gains to end the year as best performer among hedge fund strategies as the US convertible bond market had a record return of 49 per cent in 2009. New issuance was light aside from a USD3.5bn issue from Citibank.

Latest News

Raymond James Investment Management plans to launch an ETF product platform in 2025 to support strong client demand in alignment..
Aniket Ullal, Director of ETF Data and Research at CFRA Research, has written a note looking at ETFs with exposure..
Tradeweb reports the following data derived from trading activity on the Tradeweb Markets institutional European- and US-listed ETF platforms...
iShares writes that its assets under management have reached USD4 trillion. The firm says this comes off the back of..

Related Articles

Scott Kefer, VictoryEx Capital Holdings
Bailey McCann writes that active ETFs are capturing investor interest, according to the latest data from Morningstar, which finds that...
Chris Lo, Columbia Threadneedle
In a recent insight on India by Columbia Threadneedle Investments, the firm reports that the country’s economic reforms, which aim...
With an election on the horizon in the United States a group of ETFs is poised to capture investments on...
Robot worker
Qraft Technologies, based in South Korea, specialises in the use of AI in security selection and portfolio construction....
Subscribe to the ETF Express newsletter

Subscribe for access to our weekly newsletter, newsletter archive, updates on the site and exclusive email content.

Marketing by