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Article: Early View: Credit Suisse/Tremont Hedge Fund Index Estimated to Finish Almost Flat at +0.17% in October.
- Article from:
- Business Wire
- Article date:
- November 9, 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)
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NEW YORK -- Early estimates indicate the Credit Suisse/Tremont Hedge Fund Index ("Broad Index") will finish almost flat with a +0.17% return in October (based on 71% of assets reporting).
Hedge funds had a slightly positive month overall with a widening dispersion of returns among strategies, based on whether managers could take advantage of October's market volatility. The Chicago Board Options Exchange Volatility Index (VIX), that measures the implied volatility of S&P 500 Index options, began a surge of approximately 30% on October 23 that took the VIX from just over 20 to just over 30, as equity markets took a turn downward in the second half of the month. ...