EUROPE - The CSFB/Tremont Hedge Fund Index is up 0.85% for August 2002, according to Oliver Schupp, president of Credit Suisse First Boston Tremont Index.
Hedge funds continued to provide protection for diversified portfolios during August, said Schupp.
Year-to-date performance illustrates how valuable an allocation to a diversified hedge fund portfolio can be. While every major global index is down between –12.85% and –32.59%, the CSFB/Tremont Hedge Fund Index is up 0.82% for the year.”
Managed futures funds continued to provide important diversification for alternative investment portfolios, outperforming all style-based strategies for the fourth consecutive month, said Robert Schulman, co-chief executive officer of Tremont Advisers.
The CSFB/Tremont Managed Futures Index is up 3.36% for August and 15.87% year-to-date.
Performance for the CSFB/Tremont Hedge Fund Index and the nine style-based sector indices is calculated monthly.
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