Credit
Suisse/Tremont Blue Chip Investable Hedge Fund Index more
than Doubles in Returns from 2005 and Finishes 2006 up 9.51%.
The Emerging Markets Sector Invest Index Was the Best Performing
Index in 2006 - Up 24.17%
New York, January 17, 2007 Credit Suisse/Tremont released
today its year-end performance review for 2006, revealing
positive news for the Credit Suisse/Tremont Blue Chip Investable
Hedge Fund Index that finished the year with annual returns
of 9.51%, according to Oliver Schupp, President of the Credit
Suisse Tremont Index, LLC.
We are pleased to present our annual review analyzing the
performance of the Credit Suisse/Tremont Hedge Fund Indices
for 2006,. said Mr. Schupp. .Hedge funds experienced a stronger
than expected year thanks to a favorable market environment
that allowed the majority of hedge fund strategies to produce
positive end of year results. Record highs in global markets,
mergers and acquisition activity, a stronger than expected
earnings season, a pause in the continual rise of interest
rates by the Federal Reserve, high energy prices and volatility
fluctuations all contributed positively to hedge fund performance
for 2006.
Highlights for all Credit Suisse/Tremont Hedge Fund Indices
in 2006 include:
Consistent positive performance of the Credit Suisse/Tremont
Hedge Fund Index leading to a strong year for index-linked
products, due to the first and last quarters.
The Credit Suisse/Tremont Hedge Fund Index tracking portfolio
had a 0.98 correlation with the Credit Suisse/Tremont Hedge
Fund Index.
For the Credit Suisse/Tremont Hedge Fund Index, Emerging
Markets, Event Driven and Multi-Strategy were the top performing
sectors for the year.
The Credit Suisse/Tremont Blue Chip Investable Hedge
Fund Index posted positive returns for nearly every month
in the first and last quarters of this year.
Nearly all Credit Suisse/Tremont Sector Invest Indices
performed positively for the year.
Convertible Arbitrage and Equity Market Neutral all brought
positive returns for every month of the year for the Credit
Suisse/Tremont Sector Invest Indices.
Convertible Arbitrage, Emerging Markets, Equity Market
Neutral, Event Driven, Global Macro, Long/Short Equity and
Multi-Strategy ended the year with double digit returns
for the Credit Suisse/Tremont Sector Invest Indices.
Year-to-date INVX outperformed, on a gross basis*, several
competing investable indices. The INVX finished 2006 up
10.44%, as compared to the Hedge Fund Research HFRX Global
Hedge Fund Index (.HFRX.), up 9.26% and the MSCI Hedge Invest
Index (.MSCI.) that was up 7.63%.
The full year-end performance review is available on the
News and Press section of our website, www.hedgeindex.com.
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