Daily Priced Index Offers New Industry Standard for Tracking Performance of the Liquid Hedge Fund Universe
The Dow Jones Credit Suisse Core Hedge Fund Index is the first index of its kind to utilize multiple managed account platforms to track the liquid, investable hedge fund universe. Following the market events of 2008, increased attention has been focused on liquid hedge fund structures, including managed accounts, which tend to offer superior liquidity and transparency. The enhanced risk management capabilities of these flexible investment vehicles has led to a resurgence of interest in the space, and the launch of the Dow Jones Credit Suisse Core Hedge Fund Index marks a revolutionary step toward measuring the performance of this rapidly growing industry segment.
The Dow Jones Credit Suisse Core Hedge Fund Index is the first and only hedge fund index designed to reflect the performance of managed accounts and other regulated fund structures sourced from multiple best-in-class managed account platforms, creating an unparalleled view of the liquid, investable hedge fund universe. This truly innovative approach represents a significant advantage over other indexes which are limited to the funds available on single managed account platforms and is designed to reflect the broadest representation of the liquid hedge fund universe with limited platform bias.
According to Oliver Schupp, President of Credit Suisse Index Co., LLC, "The Dow Jones Credit Suisse Core Hedge Fund Index was launched in response to increasing investor demand for more transparency and liquidity in the hedge fund universe and we believe the index's unique approach provides investors with a superior tool for measuring hedge fund performance. The credit crisis of 2008 heightened hedge fund investors' awareness of their liquidity needs and as a result, investors today are actively seeking the objective, transparent insight into the performance of the hedge fund industry that the Dow Jones Credit Suisse Core Hedge Fund Index provides."
Michael A. Petronella, President, Dow Jones Indexes, added, "The Dow Jones Credit Suisse Core Hedge Fund Index clearly fills a void for investors seeking a reliable and trustworthy performance gauge of liquid, investable hedge funds. We're proud to join with Credit Suisse in providing investors with unprecedented insight into this highly sought-after asset class."
Rebalanced quarterly, the Dow Jones Credit Suisse Core Hedge Fund Index is UCITS III compliant and includes 40 component funds diversified across seven style-based sectors: event driven, long/short equity, global macro, emerging markets, managed futures, fixed-income arbitrage and convertible arbitrage. The index employs an objective, fully transparent selection process with all index constituents required to provide daily valuations and weekly, or better, liquidity to be considered for inclusion in the index. Daily values for the index are available at www.hedgeindex.com.
As the industry's premier asset-weighted hedge fund indexes, the Dow Jones Credit Suisse Hedge Fund Indexes platform consists of a range of geographical and strategy-specific hedge fund indexes that are constructed from a proprietary data-base of more than 8,000 hedge funds which seeks to provide the most accurate representation of the hedge fund universe.
Additional information about the Dow Jones Credit Suisse Core Hedge Fund Index and all of the Dow Jones Credit Suisse Hedge Fund Indexes -- including research, fund performance and constituent fund information -- can be found at www.hedgeindex.com.
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