|
|
Article: Credit Suisse/Tremont Hedge Fund Index Confirms July Performance up 2.54%, Year-to-Date Performance up 9.90%.
- Article from:
- Business Wire
- Article date:
- August 17, 2009
CopyrightCOPYRIGHT 2009 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
NEW YORK -- Final performance for the Credit Suisse/Tremont Hedge Fund Index ("Broad Index") is confirmed up 2.54% in July, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.
Mr. Schupp said, "The last time hedge funds posted stronger year-to-date performance through July was 1998. The Credit Suisse/Tremont Hedge Fund Index is up 9.90% year to date and Convertible Arbitrage continues to lead all sectors in performance; the strategy returned 5.80% in July, bringing year-to-date performance to 31.14%. As companies continue to look to the convertible market as a preferred source of financing, many managers believe the opportunity set in the space ...