NEW YORK, April 18, 2013 /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund Index finished up 1.21% in March. A new monthly commentary offers insight into hedge fund performance through the month of March. Some key findings from the report include:
- Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished March up 1.21%, with 9 out of 10 strategies in positive territory;
- In total, the industry saw estimated outflows of approximately $1.78 billion in March, bringing overall assets under management for the industry to approximately $1.82 trillion;
- The Fixed Income Arbitrage and Convertible Arbitrage sectors experienced the largest asset inflows on a percentage basis, with inflows in March equal to 1.48% and 1.04% of the February 2013 levels, respectively;
- Event Driven funds sustained overall positive performance in March, in the backdrop of record high levels in US equity markets and continued price appreciation of corporate debt; and,
- Long/Short Equity funds produced positive returns in March benefitting not only from the continued strength of equity markets, but also from managers' stock-picking and portfolio management abilities. Managers benefitted from exposure to Healthcare and Consumer Staples both in U.S. and Europe.
Industry commentaries and publications are available in the "News" section of our website, www.hedgeindex.com. Click here to view the full report which includes an overview of March hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
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About Credit Suisse AG
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 is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 47,400 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.
Copyright © 2013, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
Source: Credit Suisse Asset Management, LLC, 2013.
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SOURCE Credit Suisse AG