Down But Not Out: The Dow Jones Credit Suisse Hedge Fund Index Falls 3.20% in September – Over $24 Billion Allocated to Hedge Funds Year to Date

The Dow Jones Credit Suisse Hedge Fund Index (the “Broad Index”) fell for a second straight month, finishing down 3.20% in September versus a monthly loss of 9.88% for the Dow Jones Global Index.

Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Hedge Fund Index fell 3.20% in September, marking its largest one month decline in more than a year. Yet for many investors, the hedge fund industry continues to remain attractive on a relative basis compared to other asset classes. For example, equities, as reflected by the Dow Jones Global Index, lost 9.88% last month.” Schupp continued, "Despite the drawdown, hedge funds appear to have performed in line with investor expectations and to have provided a level of capital preservation during an increasingly difficult market period. As a result, the hedge fund industry saw an estimated $25 billion in inflows year-to-date."

Performance for the Broad Index and its ten sub-strategies is calculated monthly. September, August and YTD performance numbers are listed below and are available at www.hedgeindex.com.

Category	Sep 2011	Aug 2011	YTD 11
Dow Jones Credit Suisse Hedge Fund Index	-3.20%	-2.30%	-3.20%
Convertible Arbitrage	-1.77%	-1.73%	-0.07%
Dedicated Short Bias	8.45%	6.56%	13.19%
Emerging Markets	-7.47%	-3.15%	-6.88%
Equity Market Neutral	-2.22%	-0.89%	2.09%
Event Driven	-5.06%	-5.37%	-9.69%
Distressed	-3.28%	-4.41%	-4.91%
Multi-Strategy	-6.15%	-5.98%	-12.51%
Risk Arbitrage	-1.63%	-0.92%	-0.44%
Fixed Income Arbitrage	-0.19%	-0.27%	3.63%
Global Macro	-0.07%	1.91%	5.82%
Long/Short Equity	-5.22%	-4.44%	-9.12%
Managed Futures	-0.78%	0.25%	-0.05%
Multi-Strategy	-2.37%	-1.93%	0.55%

The following funds are no longer reporting to the Dow Jones Credit Suisse Hedge Fund Index: Blenheim Fund LP, Bay Harbour Partners, Apex Market Neutral Greater China Fund and Scottwood Master, Ltd.

Additional information about the Dow Jones Credit Suisse Hedge Fund Indexes -- including research, fund performance and constituent fund information -- can be found at http://www.hedgeindex.com.