Credit Suisse/Tremont Index up .68% in February

15 Mar 2010
Final performance for the Credit Suisse/Tremont Hedge Fund Index is confirmed up 0.68% in February .

Oliver Schupp, President of Credit Suisse Index Co., Inc., said, “The Credit/Suisse Tremont Hedge Fund Index returned 0.68% in February with seven out of ten sectors posting positive performance for the month. Top performing sectors included Managed Futures (+1.81%), Long/Short Equity (+1.32%) and Global Macro (+1.10%). Managed Futures and Global Macro managers capitalized primarily on favorable fixed income and foreign exchange positions which included long exposures to short term interest rates and short exposures to the Euro and the Sterling. Long/Short Equity managers were able to recover some of their January losses as a result of net long holdings amid positive equity markets in February. On the other hand, Dedicated Short and Equity Market Neutral managers posted the weakest performance this month, down 3.20% and 1.35% respectively."