Long/Short Equity Hedge Funds Avoided Equity Market Downswings In October According To Credit Suisse Alternative Index Replication ("AIR") Indices NEW YORK--(BUSINESS WIRE)--Long/Short Equity fund managers avoided equity market volatility in
October, finishing the month in neutral territory, according to Jordan
Drachman, Head of Research for Alternative Beta Strategies at Credit
Suisse. Dr. Drachman noted, “After record third quarter performance, Long/Short Equity hedge funds posted more muted returns in October; nevertheless, the sector outperformed most global equity markets, avoiding the drawdowns experienced across many equity market indices. Global Macro hedge funds appear to have posted gains last month, as models picked up on macro-economic trends despite market uncertainty. The Credit Suisse Long/Short Equity Replication Index (“AIR Long/Short Equity Index”) was down -0.01% (net) for the month, while the Credit Suisse Global Macro Replication Index (“AIR Global Macro Index”) finished up 0.63% (net) in the same period.” AIR Indices seek to replicate the performance of major hedge fund strategies and enable investors to gain liquid, transparent insight into the Global Macro and Long/Short Equity sectors of the Credit Suisse/Tremont Hedge Fund Index. The AIR platform also offers inverse indices that seek to approximate short exposure to the aggregate returns of the universe of Long/Short Equity and Global Macro hedge fund managers. Performance for the AIR Global Macro and Long/Short Equity Indices (shown below) is calculated daily and shown net of a 1.15% per annum calculation fee. Performance, descriptions, statistics and downloadable price history can be found on the Credit Suisse Alternative Beta website, www.credit-suisse.com/alternativebeta.
* October performance will be published November 16th on Bloomberg and online at www.hedgeindex.com ** Total Return Indices Additional features of the AIR Long/Short Equity and Global Macro Indices include:
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