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-Credit Suisse hedge fund index up in July.

BANKING AND CREDIT NEWS-August 22, 2013--Credit Suisse hedge fund index up in July(C)2013 M2 COMMUNICATIONS

22 August 2013 -- Swiss financial services firm Credit Suisse (NYSE: CS) said that The Credit Suisse Hedge Fund Index finished up 0.88% in July.

The firm said that a new monthly commentary offers insight into hedge fund performance through the month of July. Some key findings from the report include that hedge funds, as measured by the Credit Suisse Hedge Fund Index, finished July up 0.88%, with two out of 10 strategies in positive territory.

In total, the industry saw estimated outflows of approximately USD 0.5bn in July, bringing overall assets under management for the industry to approximately USD 1.9tn. The sectors with the largest asset inflows on a percentage basis were Dedicated Short Bias and Multi-Strategy, with inflows in July equal to 0.62% and 0.57%, of the June 2013 levels, respectively.

Event driven funds generally sustained positive performance in July amid improved technical conditions and positive investor sentiment; and long/short equity funds posted overall positive returns in July as global markets were generally strong.

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Publication:M2 Banking & Credit News (BCN)
Date:Aug 22, 2013
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