New York (HedgeCo.net) – The Credit Suisse Liquid Alternative Beta Index was up 1.38% in July which was a nice recovery from the 2.05% loss for the month of June. The index, which was designed to represent the overall hedge fund industry, is up 2.37% on a year to date basis.
The top performing strategy index for the month was the Credit Suisse Long/Short Liquid Index which was up 4.65% and that index is up 5.61% for the year. That YTD performance is good for second place among the strategies with the Credit Suisse Managed Futures Liquid Index up 5.69% for the year taking the top spot.
The worst performing strategy during the month of July was the Credit Suisse Event Driven Liquid Index with a loss of 1.11%. The Credit Suisse Merger Arbitrage Liquid Index was the only other index that lost ground in July with a loss of 0.76% and it is the worst performing of the indices on YTD basis with a gain of 0.44%.