Oliver Schupp: Hedge Funds Post Positive Performance

August 16, 2011 James Heinsman Hedge Fund News

According to the Dow Jones Credit Suisse Hedge Fund Index, hedge funds saw an increase of 0.69% in July.

Credit Suisse Index President Oliver Schupp said “The Dow Jones Credit Suisse Hedge Fund Index gained 0.69% in July, with six out of ten sectors posting positive performance for the month. Managed Futures was the best performing sector last month, posting positive performance of 4.03% as manager positions in short-term rates, bonds, and short USD proved profitable during the month.”

Schupp added that “in addition to its overall positive performance, the industry saw an estimated $5 billion in inflows. Including performance gains, total industry assets are now estimated at $1.83 trillion.”

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