New York (HedgeCo.net) – Final performance for the Credit Suisse/Tremont Hedge Fund Index is confirmed up 0.17% in January, according to Oliver Schupp, President of Credit Suisse Index Co., Inc.

“The Credit Suisse/Tremont Hedge Fund Index finished January in slightly positive territory returning 0.17% for the month.”Mr. Schupp said, “Overall, fund managers largely escaped the downswings experienced by equity markets during January and the top performing sectors included Fixed Income Arbitrage (+2.02%) and Event Driven (+1.42%). Fixed Income Arbitrage managers found various profit generating opportunities amid the fall in risky assets while gains in the Event Driven space were largely driven by profitable credit positions and hedging strategies that mitigated equity losses. Meanwhile, Managed Futures managers posted the weakest performance this month, down 3.81%, as many trend followers suffered due to the reversal of longer-term market trends.”

The Credit Suisse/Tremont Hedge Fund Index (“Broad Index”) is one of the industry’s premier asset-weighted hedge fund indices. Unlike equal-weighted indices, the Broad Index does not underweight top performers and overweight decliners in order to seek to provide the most accurate representation of the hedge fund universe.