Dow Jones Credit Suisse Hedge Fund Index Outperforms Equity Benchmark by More Than Five Percentage Points in August
The Dow Jones Credit Suisse Hedge Fund Index finished down 2.30% in August compared with a drop of 7.69% for the Dow Jones Global Index. A new monthly commentary offers insight into hedge fund performance through the month of August. Some key findings from the report include:
- The Dow Jones Credit Suisse Hedge Fund Index posted negative performance in August, finishing down 2.30%, with three out of ten strategies posting positive performance for the month. Conversely, the Dow Jones Industrial Average Total Return and Dow Jones Global Indexes fell 3.96% and 7.69% respectively;
- Dedicated Short Bias was the best performing sector in August. The strategy gained 6.56% as managers capitalized on deteriorating conditions within the equity markets;
- The Event Driven sector continued to experience negative performance led by choppy trading conditions across asset classes, large price swings, and increased correlations; and
- Global Macro managers posted positive performance in August, up 1.91%, as fixed income exposure, both long and short ends of the curve, generated positive returns for the month amid a flight to safety in U.S. Treasuries.
Industry commentaries and publications are available in the "News" section of our website, www.hedgeindex.com. Click here to view the full report which includes an overview of August hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.
Katherine Herring, Corporate Communications, +1-212-325-7545, email@example.com
Dow Jones Indexes
Rich Silverman, Director, Global PR, +1-212-299-2414, firstname.lastname@example.org
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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 offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 50,100 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.
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