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CSFB-Tremont Fund Index Enjoys Spring Thaw

The CSFB/Tremont Fund Index, jointly compiled by Credit Suisse First Boston and Tremont Advisers, ended April up +0.7%, ending a two-month interval of negative overall performance.

“Equity markets surged in April, providing relief to distressed long-only portfolios,” says Robert Sloan, CEO of the CSFB/Tremont Index. “Year-to-date though, diversified portfolios, as represented by the CSFB/Tremont Hedge Fund Index, out-performed the major global indices.”

Performance of the nine style-driven sub-indices ranged from +1.4%, achieved by the Equity Market Neutral category, to -7.5%, achieved by the Dedicated Short Bias category, the second strongest per-former in March. Similarly, Managed Futures, the strongest performer in March was the second worst in April, at -5.5%.

The index is comprised of 339 funds, having added eight funds and dropped three during its quarterly reselection process of 2,600 hedge funds. It has returned 132.6% for the 88 months since inception.

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