Dow Jones, Credit Suisse: Hedge Funds Gain 1.59% In July

Aug 16 2010 | 11:29am ET

 Hedge funds gained an average of 1.59% in July, and are up 2.22% year-to-date, according to the Dow Jones Credit Suisse Hedge Fund Index.

"The Dow Jones Credit Suisse Hedge Fund Index rose 1.59% in July, with eight out of ten sectors posting positive performance for the month. Among the top performers for the month were Emerging Markets (+3.52%) and Long/Short Equity (+2.53%), which benefited from beta-driven opportunities amid global equity market rallies. Dedicated Short and Managed Futures were the only two sectors with negative performance this month, finishing down 3.52% and 1.50%, respectively," said Oliver Schupp, president of Credit Suisse Index Co.    

Performance for the Broad Index and its ten sub-strategies is calculated monthly. July, June, and year-to-date performance numbers are listed below.

Index

July 2010

June 2010

YTD

Broad Index 1.59% -0.84% 2.22%
 Convertible Arbitrage 2.22% 0.01% 4.92%
 Dedicated Short Bias -3.52% 5.45% -6.19%
 Emerging Markets 3.52% -0.03% 2.69%
 Equity Market Neutral 1.67% -0.99% -2.95%
 Event Driven 1.56% -1.58% 3.43%
      Distressed 1.10% -1.10% 4.11%
      Event Driven Multi-Strat 1.90% -1.97% 2.89%
      Risk Arbitrage 1.61% 0.10% 1.47%
 Fixed Income Arbitrage 1.20% 0.92% 6.79%
 Global Macro 0.65% 0.56% 4.88%
 Long/Short Equity 2.53% -2.07% -0.77%
 Managed Futures -1.50% 0.42% -1.24%
 Multi-Strategy 1.66% -0.81% 2.15%
 S&P 500 TRI Index* 7.01% -5.23% -0.11%
 Dow Jones World Index* 7.90% -3.14% -2.55%
*Total Return Indices

 

 


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Editor's Note