Credit Suisse Releases Mid-Year Hedge Fund Investor Survey PR Newswire NEW YORK, July 24, 2013 NEW YORK, July 24, 2013 /PRNewswire/ -- Credit Suisse is pleased to announce the results of its mid-year Hedge Fund Investor Survey, which polled 185 institutional investors on their current strategy appetite and allocation activity. This survey follows Credit Suisse's Global Annual Investor survey published earlier this year. (Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO) Institutional investors responded that they intend to remain active, with 88% indicating that they plan to make additional allocations to hedge funds during the second half of this year. This indicates that the industry may see continued significant levels of allocation activity in the second half of 2013. In addition, respondents were asked to share their insights into whether they are planning to allocate, maintain or decrease allocations to various hedge fund strategies in the second half of this year. The top 3 strategies by net demand (percentage increasing allocation – percentage decreasing allocation) were: oAll respondents: Long/Short Equity- Fundamental (57%), Event Driven (47%) and Global Macro (39%) oAmericas: Long/Short Equity- Fundamental (58%), Event Driven (48%) and Global Macro (22%) oAsia: Long/Short Equity- Trading (50%), Long/Short Equity- Fundamental (40%) and Global Macro (40%) oEMEA: Long/Short Equity- Fundamental (57%), Global Macro (52%) and Event Driven (47%) By comparison, in the annual CS global investor survey at the start of the year, the top three strategies were Long/Short Equity, Emerging Markets Equity and Event Driven. When evaluated on a gross basis (straight percentage increasing allocation), respondents believed that Long/Short Equity- Fundamental strategies are likely to see the most gross allocation activity in the second half of this year, with 61% of global investors surveyed indicating that they plan to allocate, followed by Event Driven, with 51% planning to allocate. Conversely, investors indicated that Commodities funds are likely to see the most redemption activity over the next six months, with 32% indicating that they plan to lower their allocation to the strategy, followed by Emerging Markets Credit, with 29% planning to reduce their allocation. "From this mid-year survey, it is clear that investors remain focused on long/short equity and event-driven strategies, particularly those involving fundamental approaches," said Robert Leonard, Managing Director and Global Head of Capital Services at Credit Suisse. "We believe that some of this activity is being driven by the gradual rotation of capital from fixed-income markets into equities," Leonard said. "Investors are also reacting to improving global markets and lower correlations by seeking those funds that can differentiate by their stock-picking abilities. Based upon these responses, we would expect continued strong inflows to the industry during the second half of this year, asadditional capital continues to come off the sidelines and into hedge funds." Credit Suisse AG Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,900 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com. Copyright2013, CREDIT SUISSE GROUP AG and/or its affiliates. All rights reserved. Certain information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document. This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide or indicator to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof. SOURCE Credit Suisse AG Website: http://www.credit-suisse.com Contact: Credit Suisse: Drew Benson, Corporate Communications, +1-212-325-0932, email@example.com, or Adam Bradbery, Corporate Communications, +44 20 7888 6744, firstname.lastname@example.org
Credit Suisse Releases Mid-Year Hedge Fund Investor Survey
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