New Dow Jones Credit Suisse Hedge Fund Index Commentary Offers Insight into November Hedge Fund Performance

Fri Dec 21, 2012 10:27am EST

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NEW YORK,  Dec. 21, 2012  /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund
Index finished up 0.64% in November. A new monthly commentary offers insight
into hedge fund performance through the month of November. Some key findings
from the report include:

* Hedge funds, as measured by the Dow Jones Credit Suisse Hedge Fund Index,
finished November up 0.64%, with 9 out of 10 strategies in positive territory;  
* In total, the industry saw estimated outflows of approximately  $1.3 billion 
in November, bringing overall assets under management for the industry to
approximately  $1.76 trillion;  
* The Fixed Income Arbitrage and Equity Market Neutral sectors experienced the
largest asset inflows on a percentage basis, with inflows in November equal to
2.64% and 1.06% of the  October 2012  levels, respectively;  
* Event Driven funds generally sustained positive performance in November.
Contributors for the month were a diversified mix of long positions from credit
strategies, namely stressed and distressed names, as well as special situation
equities, and risk arbitrage; and  
* Long/Short Equity funds finished November in positive territory, though the
first half of the month was poor for equity markets, driven by continued weak
earnings numbers and some mixed economic data. Return drivers for the month for
managers included Consumer Discretionary and Staples exposure, European Banks
exposures, and select Health Care exposure.

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Industry commentaries and publications are available in the "News" section of
our website, Click  here  to view the full report which
includes an overview of November hedge fund performance, in-depth commentary on
individual hedge fund sectors and hedge fund return dispersion statistics for
each strategy.

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About Credit Suisse AG

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 is able to offer clients its
expertise in the areas of private banking, investment banking and asset
management from a single source. Credit Suisse provides specialist advisory
services, comprehensive solutions and innovative products to companies,
institutional clients and high net worth private clients worldwide, and also to
retail clients in  Switzerland. Credit Suisse is headquartered in  Zurich  and
operates in over 50 countries worldwide. The group employs approximately 48,400
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

Copyright © 2012, CREDIT SUISSE GROUP AG and/or its affiliates.  All rights

Source: Credit Suisse Asset Management, LLC, 2012.

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 and Dow Jones Credit Suisse Hedge Fund Indexes are trademarks 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., LLC and
S&P Dow Jones Indices LLC and its affiliates ("S&P Dow Jones Indices"). STANDARD
& POOR'S and S&P are registered trademarks of Standard & Poor's Financial
Services LLC. Investment products based on the Dow Jones Credit Suisse Hedge
Fund Indexes are not sponsored, endorsed, sold or promoted by Dow Jones, S&P Dow
Jones Indices or their respective affiliates and none of Dow Jones, S&P Dow
Jones Indices and their respective affiliates make any representation regarding
the advisability of investing in such products.  Inclusion of a hedge fund or a
company in any of these indexes does not in any way reflect an opinion of Dow
Jones, S&P Dow Jones Indices or any of their respective affiliates on the
investment merits of such fund or company. None of Dow Jones, S&P Dow Jones
Indices or any of their respective affiliates is providing investment advice in
connection with these indexes.

SOURCE  Credit Suisse AG

Press, Katherine Herring, Corporate Communications, Credit Suisse,
+1-212-325-7545,; Dave Guarino, S&P Dow
Jones Indices, +1-212-438-1471,
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