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Leslie Kramer
Leslie Kramer
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Credit Suisse/Tremont Hedge Fund Index Confirms November

Final Performance for the Credit Suisse/Tremont Hedge Fund Index was down 4.15% in November, according to Oliver Schupp, president of Credit Suisse Index Co. In a press release Schupp said, “Continued elevated levels of volatility remain a key factor affecting the overall industry and has forced hedge fund managers to de-lever further and reduce risk along with the financial community as a whole.” Schupp added, “The unexpected events around Kingate Global/Fairfield Sentry have had material effects on the performance of the Equity Market Neutral sector, and therefore have also impacted the Broad Benchmark Index. Considering the information we now have concerning Kingate Global/Fairfield Sentry, assets under management for the funds have been marked down to zero for November to reflect the news received last week.” Schupp also added, “Relatively unstable market conditions benefited the Dedicated Short Bias sector. Managed Futures funds were also able to capitalize on market trends.” Performance for the Credit Suisse/Tremont Hedge Fund Index and its ten sub-strategies is calculated monthly. November, October and 2008 year-to-date returns are available at www.hedgeindex.com.

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