New Credit Suisse/Tremont Commentary Offers Insight Into February Hedge Fund Performance

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Mar 18, 2010, 11:17 ET

NEW YORK, March 18 /PRNewswire-FirstCall/ -- The Credit Suisse/Tremont Hedge Fund Index Gained 0.68% in February as Hedge Funds Navigated Divergent Global Markets.

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A new monthly commentary offers insight into February hedge fund performance. Some key findings from the report include:

Managed Futures was the best performing strategy for the month, posting returns of 1.81%. Performance was primarily driven by trend followers' successes in foreign exchange and interest rate futures.
Long/Short Equity managers recovered much of their January losses in February after a positive month for both equity hedge funds and most developed equity markets. The strategy was the second best performing sector for the month, posting returns of 1.32%.
The Global Macro strategy produced broadly positive returns across both discretionary and systematic funds, finishing the month up 1.10%.
The Event Driven strategy produced mixed performance in February, primarily driven by choppy market conditions. Concerns about sovereign default risk and lackluster economic reports caused a number of credit and equity markets to trade off for most of the month. Overall the sector finished up 0.44%.

Credit Suisse Tremont Index LLC industry commentaries and publications are available on the Research section of our website, www.hedgeindex.com. Click here to view the full report which includes an overview of November hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

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