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

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Feb 19, 2010, 10:25 ET

NEW YORK, Feb. 19 /PRNewswire-FirstCall/ -- The Credit Suisse/Tremont Hedge Fund Index Gained 0.17% in January as Hedge Funds Posted Positive Performance Despite Market Reversals.

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

January was a positive month for Fixed Income Arbitrage, with most strategies generating positive performance amid a fall in risky assets in the second half of the month
Event Driven managers produced generally positive returns, largely driven by gains from credit positions and hedging strategies that mitigated equity losses
Event Driven managers were also supported by on-going technical conditions as credit markets held steady in January despite weakness in equities and both the CS Leveraged Loan and High Yield Index sustained gains of 1.81% and 1.27%, respectively
Despite slightly negative performance for the overall Emerging Markets sector, Emerging Europe-focused managers experienced gains with the MSCI EM Eastern Europe Index finishing the month up +1.8%

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.

Information

Meg Bode, Bode Associates, telephone 516 869 6610, [email protected]

Suzanne Fleming, Corporate Communications, Credit Suisse AG, telephone 212 325 7396, [email protected]

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