New Credit Suisse Hedge Fund Index Commentary Offers Insight into July Hedge Fund Performance
New York, August 21, 2013 - The Credit Suisse Hedge Fund Index finished up 0.88% in July. A new monthly commentary offers insight into hedge fund performance through the month of July. Some key findings from the report include:
Hedge funds, as measured by the Credit Suisse Hedge Fund Index, finished July up 0.88%, with 2 out of 10 strategies in positive territory;
In total, the industry saw estimated outflows of approximately $0.5 billion in July, bringing overall assets under management for the industry to approximately $1.9 trillion;
The sectors with the largest asset inflows on a percentage basis were Dedicated Short Bias and Multi-Strategy, with inflows in July equal to 0.62% and 0.57%, of the June 2013 levels, respectively;
Event Driven funds generally sustained positive performance in July amid improved technical conditions and positive investor sentiment; and,
Long/Short Equity funds posted overall positive returns in July as global markets were generally strong.
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 July 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, firstname.lastname@example.org
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Source: Credit Suisse Asset Management, LLC, 2013.
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