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Investing November 15, 2000
October's Tumult Tips Hedge Funds
November 15, 2000 (PLANSPONSOR.com) - October was a
rocky month for the markets, and hedge funds were not spared
the turmoil, according to the CSFB/Tremont Hedge Fund Index,
down 1.1% in October.
Reported by Nevin E. Adams
Year-to-date the CSFB/Tremont Hedge Fund Index is up 3.7%.
For the second month in a row, short sellers outperformed all major indices, lifting the CSFB/Tremont Dedicated Short Bias Index 6.1% for the month on top of a 9.9% surge in September.
Year-to-date the Convertible Arbitrage Index remains well ahead, up 25.9%, while Equity Market Neutral is up 13.2%. The Managed Futures Index lags the nine style-driven sub-indices, with a 9.3% loss year-to-date.
The index is calculated monthly and includes the results of 335 funds, drawn from more than 2600 hedge funds, both US and offshore.
Funds must have at least US $10 million under management and an audited financial statement. The Index does not include funds of funds.