Credit Suisse Releases Mid-Year Hedge Fund Investor Survey

          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.


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

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)

  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

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SOURCE Credit Suisse AG

Contact: Credit Suisse: Drew Benson, Corporate Communications,
+1-212-325-0932,, or Adam Bradbery, Corporate
Communications, +44 20 7888 6744,
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