The Dow Jones Credit Suisse Core Hedge Fund Index finished up 0.20% in July led by gains in the Managed Futures sector.
Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Core Hedge Fund Index finished up 0.20% for the month with three out of seven sectors posting positive performance. Managed Futures experienced the most significant rebound, gaining 3.61% as long commodity and equity positions resulted in gains mid-month."
Separately, the Index's website has been redesigned to offer users an enhanced and comprehensive interactive experience. "Monthly performance for all sectors is available on our website, www.hedgeindex.com, which has been redesigned to give visitors more tools to analyze hedge fund industry performance," Schupp said. "As one of the industry's most transparent hedge fund index providers, the Dow Jones Credit Suisse family of hedge fund indexes provides insight into a previously opaque industry by publishing daily pricing, full index rules, sector weights, member fund listings, timely research and timely commentaries on current market trends."
Index Jul 11 Jun 11 2011 YTD
Dow Jones Credit Suisse Core Hedge Fund Index 0.20% -1.95% -0.91%
Convertible Arbitrage -0.56% -1.45% -0.15%
Emerging Markets 1.20% -0.11% 3.61%
Event Driven -1.22% -2.69% -2.91%
Fixed Income Arbitrage -0.35% 0.20% 2.02%
Global Macro -0.16% -3.12% -4.19%
Long/Short Equity 0.20% -1.66% 0.35%
Managed Futures 3.61% -2.92% -0.99%
About the Dow Jones Credit Suisse Core Hedge Fund Index
Following the market events of 2008, increased attention has been focused on liquid hedge fund structures, including managed accounts, which tend to offer superior liquidity and transparency. The Dow Jones Credit Suisse Core Hedge Fund Index is the only hedge fund index to measure the performance of this rapidly growing industry segment by sourcing funds from multiple best-in-class managed account platforms, an advantage over indices which are built on a single managed account platform that may have a particular sector bias.
The Dow Jones Credit Suisse family of hedge fund indexes also includes:
The Dow Jones Credit Suisse Hedge Fund Index, an asset-weighted benchmark that measures hedge fund performance and seeks to provide the most accurate representation of the hedge fund universe.
The Dow Jones Credit Suisse AllHedge Index, an investable index comprised of all 10 Dow Jones Credit Suisse AllHedge Strategy Indexes weighted according to the sector weights of the Broad Index.
The Dow Jones Credit Suisse Blue Chip Hedge Fund Index, an investable index comprised of 60 of the largest funds across the ten style-based sectors in the Broad Index.
The Dow Jones Credit Suisse LEA Hedge Fund Index, an asset-weighted, composite index which provides insight in to three specific regions of the emerging markets hedge fund universe (Latin America, EEMEA (Emerging Europe, Middle East and Africa) and Asia).
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