The Dow Jones Credit Suisse Core Hedge Fund Index Down 2.88% in August

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Versus Losses of 7.69% for Global Equity Markets

Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Core Hedge Fund Index finished down 2.88% in August. Despite challenging conditions throughout the month, hedge funds appeared to be effective in providing a degree of capital preservation when compared to global equity markets, which fell 7.69% as represented by the Dow Jones Global Index. This outperformance is largely due to the strategic de-risking of many managers who began reducing net exposure in the weeks, or even months, preceding the correction.”

Index	Aug 11	Jul 11	2011 YTD
Dow Jones Credit Suisse Core Hedge Fund Index	-2.88%	0.20%	-3.76%
Convertible Arbitrage	-3.46%	-0.56%	-3.60%
Emerging Markets	-3.45%	1.20%	0.04%
Event Driven	-5.31%	-1.22%	-8.06%
Fixed Income Arbitrage	-0.66%	-0.35%	1.35%
Global Macro	-1.84%	-0.16%	-5.95%
Long/Short Equity	-3.56%	0.20%	-3.23%
Managed Futures	1.03%	3.61%	0.02%