Posted by & filed under Hedge Fund Assets.

Digest from the quarterly CS Tremont HedgeIndex Intelligence.

Full Doc: CS_Tremont_Q3_2009_Market_Update_Final

  • Year-to-Date Highlights and Key Points (as of September 30, 2009)
  • Up 5% year-to-date, hedge funds, as represented by the Credit Suisse/Tremont Hedge Fund Index (the “Index”), are on track to post their best annual returns in 0 years
  • 83% of all hedge funds have posted positive performance year-to-date
  • Convertible Arbitrage managers continue to lead the other sectors in terms of performance, generating returns of 40% year-to-date
  • 26% of all hedge funds have “fully recovered” their losses from 2008
  • An additional 27% of hedge funds need to recoup 5% or less to reach previous peak values
  • The Industry experienced net outflows of $4.8 billion in the third quarter
  • The most significant redemptions occurred in the Event Driven sector, resulting in a net outflow of $7.4 billion for the quarter
  • The Long/Short Equity sector experienced the most significant increase in new capital, resulting in a net positive flow of $3.0 billion for the quarter
  • Including performance gains, total hedge fund AuM is estimated at $.4 trillion as of September 30, 2009. This is up from an estimated $.3 trillion as of June 30, 2009
  • As of September 30, 2009 an estimated 8.5% of funds were classified as impaired,meaning they have either suspended redemptions, imposed gate provisions or sidepocketed assets
  • This is down from an estimated .6% at the end of 2008 and an estimated 9.6% at the end of Q2 2009

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