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Investing September 15, 2000
Strong August Markets Help, Hurt Hedge Funds
September 15, 2000 (PLANSPONSOR.com) - Rebounding
markets lifted the CSFB/Tremont Hedge Fund Index 3.4% in
August, as gains in long/short equity funds were limited by
the impact to short sale portfolios.
Reported by Nevin E. Adams
The Long/Short Equity Index topped the style list with a 4.9% return for the month.
However, year-to-date Convertible Arbitrage is far ahead of the other nine style-driven sub-indices with a 21.9% return.
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.
Performance for the CSFB/Tremont Hedge Fund Index and the nine style-driven sub-indices are calculated monthly.