Key Takeaways
- • The Dow Jones Credit Suisse Core Hedge Fund Index rose 1.02% in July 2012, with six of its seven component strategies posting positive results, according to a PRNewswire release dated Aug. 3, 2012.
- • Managed Futures was the top performer in July at 3.26%, reversing a -3.37% decline in June, while Convertible Arbitrage gained 1.29% and Global Macro gained 1.61%.
- • Fixed Income Arbitrage was the only component to decline in July, falling 0.57%, after a 0.92% gain in June.
- • The index was up 1.45% year-to-date through July 2012, compared with a -0.45% return in June.
- • Long/Short Equity returned 1.18% in July but remained negative at -2.01% year-to-date.
Summary
The Dow Jones Credit Suisse Core Hedge Fund Index closed up 1.02% in July 2012, according to a press release issued by Credit Suisse and S&P Dow Jones Indices on August 3, 2012. Six of the index's seven component strategies reported positive results for the month, reversing a -0.45% decline recorded in June.
Managed Futures led the component strategies with a 3.26% gain in July, a sharp turnaround from its -3.37% return in June. Convertible Arbitrage rose 1.29%, Global Macro gained 1.61%, Long/Short Equity returned 1.18%, Emerging Markets rose 0.59%, and Event Driven added 0.28%. Fixed Income Arbitrage was the lone detractor, declining 0.57% in July after a 0.92% gain in June.
Year-to-date through July, the index was up 1.45%. Convertible Arbitrage (5.32%) and Managed Futures (2.91%) were the strongest contributors over that period, while Long/Short Equity remained negative at -2.01%.
The index is designed to track hedge fund performance from managed account platforms, a segment that has grown since the market events of 2008. Unlike indices built on a single managed account platform, it sources funds from multiple platforms, according to Credit Suisse. Performance data is published daily and available at www.hedgeindex.com.
Managed Futures led the component strategies with a 3.26% gain in July, a sharp turnaround from its -3.37% return in June. Convertible Arbitrage rose 1.29%, Global Macro gained 1.61%, Long/Short Equity returned 1.18%, Emerging Markets rose 0.59%, and Event Driven added 0.28%. Fixed Income Arbitrage was the lone detractor, declining 0.57% in July after a 0.92% gain in June.
Year-to-date through July, the index was up 1.45%. Convertible Arbitrage (5.32%) and Managed Futures (2.91%) were the strongest contributors over that period, while Long/Short Equity remained negative at -2.01%.
The index is designed to track hedge fund performance from managed account platforms, a segment that has grown since the market events of 2008. Unlike indices built on a single managed account platform, it sources funds from multiple platforms, according to Credit Suisse. Performance data is published daily and available at www.hedgeindex.com.
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