Credit Suisse/Tremont Hedge Fund Index down 2.11% in March

Date: Wednesday, April 16, 2008
Author: Credit Suisse / Tremont

Credit Suisse/Tremont Hedge Fund Index down 2.11% in March.

The Credit Suisse/Tremont Hedge Fund Index was down 2.11% in March, according to Oliver Schupp, President of Credit Suisse Index Co., Inc. The Index is down 2.01% year-to-date.

“Global market indices continued to fall in March, during what proved to be one of the most volatile months in recent history. The U.S. Federal Reserve cut interest rates twice in just over one week in an effort to revitalize the weakening economy. The March 18th move lowered interest rates 75 basis points to 2.25 percent, resulting in the lowest rate since December of 2004. Although inflation concerns continue to rise with the possibility of further rate cuts, the U.S. Federal Reserve stated, ‘the Committee expects inflation to moderate in coming quarters, reflecting a projected leveling-out of energy and other commodity prices and an easing of pressures on resource utilization.’ Investors continue to watch how tightening credit conditions and continued downturns in the housing market will affect growth over the next few months. As these trends continue into the second quarter, we estimate that eight out of ten hedge fund sectors will end March on a negative note,” said Mr. Schupp.

Performance for the Credit Suisse/Tremont Hedge Fund Index and its ten sub-strategies is calculated monthly. March, February and 2008 year-to-date returns for all categories are listed below and are available at:

http://www.credit-suisse.com/upload/news-live/000000021371.pdf