New York (Hedge Co.net) – Final performance for the Dow Jones Credit Suisse Hedge Fund Index (“Broad Index”) is confirmed up 0.23% in August and 2.46% YTD.
“The Dow Jones Credit Suisse Hedge Fund Index rose 0.23% in August, with seven out of ten sectors posting positive performance for the month. “Oliver Schupp, President of Credit Suisse Index Co., Inc., said.
“In contrast, global equity markets, as represented by the Dow Jones World Index, fell 3.62% amid market concerns over the weakening pace of global economic growth. Among the top performing hedge fund sectors for the month were Managed Futures (+4.87%) and Global Macro (+1.48%), which benefited from long fixed income positions and relatively low exposure to equity markets. Equity Market Neutral and Long/Short Equity posted the worst performance this month, finishing down -1.55% and -1.12% respectively.” Schupp concluded.
Performance for the Broad Index and its ten sub-strategies is calculated monthly. August, July, and year-to-date performance numbers are listed below and are available at www.hedgeindex.com.
Editing by Alex Akesson
For HedgeCo.net
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