Speaking last week, Oliver Schupp, President of Credit Suisse First Boston Tremont Index LLC revealed that the CSFB/Tremont Hedge Fund Index was up 1.96% for April 2003.
'Better than expected earning reports led global equity markets significantly higher in April, resulting in strong gains for the equity oriented strategies,' he explained, continuing: 'As a result, the broadly diversified CSFB/Tremont Hedge Fund Index is up 1.96% for April, and 4.23% year-to-date.'
The Index, which is the world's largest hedge fund benchmark, comprised 431 funds as of April 1, 2003, up from 415 on March 1.
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