Credit Suisse Alternative Index Replication ("AIR") Releases Mid-Month Returns for January.Credit Suisse The Credit Suisse Group (SWX:CSGN, NYSE: CS) is a financial services company, headquartered in Zürich, Switzerland. It is the second-largest Swiss bank, behind UBS AG. Long/Short Equity Long/Short Equity A hedge fund strategy that involves buying certain stocks long and selling others short. There usually isn't a restriction on the country that the stocks trade in either. Replication Index (Net) Down 0.74% for the month through January 15th Credit Suisse Inverse Long/Short Equity Replication Index (Net) Up 0.61% for the month through January 15th NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- The Credit Suisse Inverse Long/Short Equity Replication Index ("Inverse AIR LOSHO Index") was up 0.61% net for the month through January 15 according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. Jordan Drachman, Head of Research for Alternative Beta Alternative Beta refers to alternative systematic risks in the context of Harry Markowitz’ modern portfolio theory. Systematic risks are risks that cannot be diversified away and are compensated through risk premia (the expected rate of return above the risk-free interest rate). Strategies at Credit Suisse. Dr. Drachman said, "Following a drop in equity market volatility in late December, volatility increased after the first week in January and remains high compared to historical levels. The mixed market signals created a challenging environment for hedge funds hedge fund, in finance, a highly speculative, largely unregulated investment device. Originating in the 1950s, the funds "hedge" by offsetting "short" positions (borrowing a security and then selling it at a higher price before repaying the lender) against "long" ; hence, through mid-January, the Credit Suisse Inverse Long/Short Equity Replication Index has responded with positive performance." Dr. Drachman continued, "By providing inverse hedge fund-like returns, the Index is able to offer investors insight in to the performance of short exposure to the common factors driving the Long/Short Equity sector of the hedge fund universe." The AIR LOSHO Index seeks to track the Long/Short Equity sector of the benchmark Credit Suisse/Tremont Hedge Fund Index. Performance for the AIR LOSHO Indices is calculated daily and shown net of a 1.15% per annum Per annum Yearly. calculation fee. Returns are listed below. [TABLE OMITTED] The AIR LOSHO Index reflects the return of a dynamic basket of liquid, investable market factors selected and weighted in accordance with an algorithm that aims to approximate the aggregate returns of the universe of long/short equity hedge fund managers. The Inverse AIR LOSHO Index reflects the return of a dynamic basket of liquid, investable market factors selected and weighted in accordance with an algorithm that aims to approximate the aggregate returns of short exposure to the universe of long/short equity hedge fund managers. Additional features of the Credit Suisse Long/Short Equity Replication Indices include: * Transparency via pages on Bloomberg <AIRI> Credit Suisse Alternative Capital, Inc. is a subsidiary of Credit Suisse and is headquartered at 11 Madison Avenue Madison Avenue, celebrated street of Manhattan, borough of New York City. It runs from Madison Square (23d St.) to the Madison Bridge over the Harlem River (138th St.). In the 1940s and 50s, some of the major U.S. , New York, NY 10010-3629. Credit Suisse As one of the world's leading banks, Credit Suisse provides its clients with private banking, investment banking and asset management services worldwide. Credit Suisse offers advisory services advisory services advisory services provided to the public, in their capacity as owners and managers of animals, are an important part of veterinary science. They may be provided by government bureaux, by commercial companies who deal in pharmaceuticals or animals or animal , comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as retail clients in Switzerland. Credit Suisse is active in over 50 countries and employs approximately 50,000 people. Credit Suisse is comprised of a number of legal entities around the world and is headquartered in Zurich. The registered shares (CSGN CSGN Cyber Sports Gaming Network (UK) CSGN coordinating subgroup for narcotics (US DoD) CSGN Strike Cruiser, Nuclear Powered (US Navy ship designation) ) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares American Depositary Share (ADS) Foreign stock issued in the US and registered in the ADR system. (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Asset Management In its Asset Management business, Credit Suisse offers products across the full spectrum of investment classes, ranging from equities, fixed income and multiple-asset class products, to alternative investments such as private equity, real estate, hedge funds, and volatility management. Credit Suisse's Asset Management business manages portfolios, mutual funds, and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 23 countries, Credit Suisse's Asset Management business is operated as a globally integrated network A network that supports both data and voice and/or different networking protocols. See converged network and new public network. to deliver the bank's best investment ideas and capabilities to clients around the world. The Asset Management business of Credit Suisse is comprised of a number of legal entities around the world that are subject to distinct regulatory requirements; certain asset management products and services may not be available in all jurisdictions or to all client types. Certain information contained in this document constitutes "Forward-Looking Statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may," "will," "should," "expect," "anticipate," "target," "project," "estimate," "intend," "continue" or "believe," or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion