New Dow Jones Credit Suisse Hedge Fund Index Paper Reviews Hedge Fund Performance in First Quarter of 2011

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May 03, 2011, 10:30 ET

NEW YORK, May 3, 2011 /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund Index team today released its 2011 Q1 Hedge Fund Industry Review. The report examines the drivers of hedge fund performance and asset growth in the first quarter of 2011. Some key conclusions from the report include:

Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, were up 2.2% in the first quarter of 2011, posting positive performance in each month of the quarter

The industry saw an estimated $10.1 billion in inflows in the first quarter. If this pace is maintained for the rest of 2011, the industry is on track to double the asset inflows received in 2010

Global Macro experienced the largest inflows in the first quarter, gaining $3.3 billion followed by Fixed Income Arbitrage (+$2.9 billion) and Managed Futures (+$2.8 billion)

Including performance gains, current hedge fund industry assets under management (AUM) grew to $1.8 trillion as of March 31, 2011, up from $1.7 trillion on December 31, 2010

Large hedge funds (those with over $500 million) dominated asset raising in the first quarter with over $12.0 billion of inflows while smaller funds experienced net outflows

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All Dow Jones Credit Suisse Hedge Fund Index industry commentaries and publications are available in the Research section on www.hedgeindex.com. Click here to view the 2011 Q1 Hedge Fund Industry Review.

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Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 50,500 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

Asset Management

In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.

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SOURCE Credit Suisse AG