NEW YORK, April 25, 2012 /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund Index finished up 0.05% 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 0.05%, with 5 out of 10 strategies in positive territory;
- In total, the industry saw estimated outflows of approximately $1.33 billion in March, bringing overall assets under management for the industry to approximately $1.75 trillion;
- The Convertible Arbitrage and Equity Market Neutral sectors experienced the largest asset inflows on a percentage basis in March, with inflows of 1.18% and 0.76% from February 2012 levels, respectively;
- Long/Short Equity was positive for the third month in a row. Three-month equity market correlation continued its downward descent, which was beneficial for both the long and short sides of the book and provided greater upside capture than Long/Short Equity funds have had in the past few months;
- The long Emerging Market FX themes, which were positive sources of Global Macro manager performance for January and February, partially reversed on the month leading to lower performance for the sector; and
- On the relative value front, managers showed mostly positive performance in March. Fixed Income Arbitrage managers posted gains as managers have, in some instances, been able to produce positive performance through tactical trading approaches.
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
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 49,700 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.
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