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March 16, 2006
Credit Suisse/Tremont Hedge Fund Index up 0.34% in Feb
The Credit Suisse/Tremont Hedge Fund Index is up 0.34% for February 2006, according to Oliver Schupp, President of the Credit Suisse/ Tremont Hedge Fund Index.
“January’s rising market trend in the US equity market stalled in February, and performance was almost unchanged,” said Oliver Schupp. “This limited the possibilities for Long/Short Managers to benefit from net long positions throughout the month. Emerging Market Managers profited with a 1.56% return for February thanks to well performing equity markets and higher valued local currencies. Convertible Arbitrage Managers were able to profit from the higher valuations, and gained 1.18% for the month.”
"Long/Short Equity Managers were well positioned in January, and despite a difficult market environment, gave very little back," said Robert I. Schulman, Chief Executive Officer of Tremont Capital Management, Inc. “The Global Macro Managers of the Index were up 1.23% in February, profiting from short positions in US bonds as continued GDP growth and inflation concerns left market participants expecting further interest rate hikes.”
-Hedgeco.net-
Posted by su at March 16, 2006 11:06 AM