NEW YORK, Feb. 21, 2013 /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund Index finished up 2.07% in January. A new monthly commentary offers insight into hedge fund performance through the month of January. Some key findings from the report include:
- Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index, finished January up 2.07%, with 9 out of 10 strategies in positive territory;
- In total, the industry saw estimated outflows of approximately $9.3 billion in January, bringing overall assets under management for the industry to approximately $1.78 trillion;
- The Multi-Strategy and Equity Market Neutral sectors experienced the largest asset inflows on a percentage basis, with inflows in January equal to 0.78% and 0.19% of the December 2012 levels, respectively;
- Event Driven funds sustained positive performance in January from a combination of situation specific events and broad based market rally. Contributors for the month were both credit and equity asset classes, which drove performance for long holdings; and
- Long/Short Equity funds produced positive returns in January. Managers with exposure to Healthcare benefited from long positions in companies that announced positive earnings, merger speculation and private equity interest.
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 January 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
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