The Dow Jones Credit Suisse Core Hedge Fund Index utilizes multiple managed account platforms to track the liquid, investable hedge fund universe.
According to Credit Suisse, the newly launched hedge fund index is designed to reflect the performance of managed accounts and other regulated fund structures sourced from multiple best-in-class managed account platforms, creating an unparalleled view of the liquid, investable hedge fund universe.
Rebalanced quarterly, the Dow Jones Credit Suisse Core Hedge Fund Index is UCITS III compliant and includes 40 component funds diversified across seven style-based sectors: event driven, long/short equity, global macro, emerging markets, managed futures, fixed-income arbitrage and convertible arbitrage.
The index employs an objective, fully transparent selection process with all index constituents required to provide daily valuations and weekly, or better, liquidity to be considered for inclusion in the index, claims Credit Suisse.
Dow Jones Indexes president Michael Petronella said the Dow Jones Credit Suisse Core Hedge Fund Index clearly fills a void for investors seeking a reliable and trustworthy performance gauge of liquid, investable hedge funds.
"We’re proud to join with Credit Suisse in providing investors with unprecedented insight into this highly sought-after asset class," Petronella said.
