NEW YORK, Oct. 26 /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund Index team today released a new paper entitled, "Q3 2010 Hedge Fund Industry Review," which states that hedge funds have surpassed their previous high water marks and asset flows are returning to the industry.
Hedge Funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index ("the Index"), are up 5.98% year-to-date as of September 30. The positive performance has catapulted the industry past its previous high water mark, with the Index officially regaining all losses from the drawdown which occurred during the recent financial crisis. In addition, assets have returned to the space with inflows of over $14 billion, the largest since the first quarter of 2008.
The report examines the current return drivers in the industry and explores some of the noteworthy trends that have characterized markets in recent months. Some key conclusions from the report include:
- Performance among the ten index sectors was largely positive with eight out of the ten sectors in posting positive performance for the first three quarters of the year;
- Top performers year to date include Fixed Income Arbitrage (+9.8%), Global Macro (+9.3%) and Emerging Markets (+7.7%);
- Consistent performance throughout the third quarter enabled managers to surpass their previous high water marks;
- Overall industry assets increased by an estimated USD $14 billion in the third quarter, exceeding total asset flows from the first two quarters of the year combined;
- Including performance gains, estimated industry assets under management currently remain at $1.6 trillion (as of September 30, 2010).
In addition, the team has also published a new monthly commentary which offers insight into September hedge fund performance. All industry commentaries and publications are available in the Research section on www.hedgeindex.com. Click here to view the Q3 2010 year end report or click here to view the September 2010 monthly commentary.
About Dow Jones Indexes
Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (Nasdaq: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com).
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 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 48,300 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.
All businesses of Credit Suisse are subject to distinct regulatory requirements; certain products and services may not be available in all jurisdictions or to all client types.
Copyright © 2010, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved.
Certain information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide or indicator to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
"Dow Jones®", "The Dow Jones Credit Suisse Hedge Fund Indexes" and "Dow Jones Indexes" are service marks of Dow Jones Trademark Holdings LLC ("Dow Jones"), and Credit Suisse Group AG, as the case may be, and have been licensed for use by Credit Suisse Index Co., Inc. and CME Group Index Services LLC ("CME Indexes"). Investment products based on the Dow Jones Credit Suisse Hedge Fund Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, CME Indexes or their respective affiliates and none of Dow Jones, CME Indexes and their respective affiliates make any representation regarding the advisability of investing in such products. Inclusion of a hedge fund in any of the Dow Jones Credit Suisse Hedge Fund Indexes does not in any way reflect an opinion of Dow Jones, CME Indexes or any of their respective affiliates on the investment merits of such fund. None of Dow Jones, CME Indexes or any of their respective affiliates is providing investment advice in connection with these indexes.
SOURCE Credit Suisse AG