The Dow Jones Credit Suisse Hedge Fund Index Down -1.36% in June - Hedge Funds See Asset Inflows of $5.6 Billion for the Month

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Jul 15, 2011, 09:50 ET

NEW YORK, July 15, 2011 /PRNewswire/ -- Despite negative markets in June, hedge funds were able to attract new assets, with an estimated $5.6 billion flowing into the space during the month.

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Oliver Schupp, President of Credit Suisse Index Co., LLC, said, "The Dow Jones Credit Suisse Hedge Fund Index fell 1.36% in June, with eight out of ten sectors posting negative performance for the month. Managed Futures continued to experience trading losses, falling -3.07%. Conversely, the Dedicated Short Bias strategy, which includes funds aiming to capitalize on deteriorating stock prices, was the best performing sector for the month, finishing up 1.57%." Schupp continued, "Despite overall negative performance, the industry continued to see inflows with an estimated $5.6 billion in assets entering the space in June. New inflows now total $33.3 billion year-to-date. We currently estimate overall industry assets have fallen to $1.81 trillion."

Performance for the Broad Index and its ten sub-strategies is calculated monthly. June, May and YTD performance numbers are listed below and are available at www.hedgeindex.com.


Index	June 2011	May 2011	YTD
Broad Index	-1.36%	-0.96%	1.65%
Convertible Arbitrage	-0.86%	0.02%	3.67%
Dedicated Short Bias	1.57%	2.20%	-4.91%
Emerging Markets	-0.65%	-1.10%	2.20%
Equity Market Neutral	-0.29%	-1.03%	5.54%
Event Driven	-2.16%	-0.61%	1.31%
Distressed	-0.70%	0.01%	3.11%
Event Driven Multi-Strategy	-3.08%	-0.98%	0.23%
Risk Arbitrage	-0.04%	-1.05%	2.94%
Fixed Income Arbitrage	0.06%	0.21%	3.53%
Global Macro	-1.11%	-0.63%	1.35%
Long/Short Equity	-1.49%	-1.68%	0.75%
Managed Futures	-3.07%	-4.44%	-3.40%
Multi-Strategy	-0.64%	-0.05%	4.38%
Dow Jones Industrial Average	-1.10%	-1.53%	8.59%
Dow Jones Global Index	-1.71	-2.49%	3.47%

No funds were added to the Dow Jones Credit Suisse Hedge Fund Index in June.

The following fund is no longer reporting to the Dow Jones Credit Suisse Hedge Fund Index: Copper River Partners LP.

The Dow Jones Credit Suisse family of hedge fund indexes includes:

1. The Dow Jones Credit Suisse Hedge Fund Index, an asset-weighted benchmark that measures hedge fund performance and seeks to provide the most accurate representation of the hedge fund universe.

2. The Dow Jones Credit Suisse Core Hedge Fund Index, an investable, asset-weighted hedge fund index that seeks to provide broad representation of the liquid, investable hedge fund universe with limited platform bias. The index reflects the performance of managed accounts and other regulated fund structures sourced from across a range of platforms.

3. The Dow Jones Credit Suisse AllHedge Index, an investable index comprised of all 10 Dow Jones Credit Suisse AllHedge Strategy Indexes weighted according to the sector weights of the Broad Index.

4. The Dow Jones Credit Suisse Blue Chip Hedge Fund Index, an investable index comprised of 60 of the largest funds across the ten style-based sectors in the Broad Index.

5. The Dow Jones Credit Suisse LEA Hedge Fund Index, an asset-weighted, composite index which provides insight in to three specific regions of the emerging markets hedge fund universe (Latin America, EEMEA (Emerging Europe, Middle East and Africa) and Asia).

In accordance with the Dow Jones Credit Suisse Blue Chip Hedge Fund Index Rules and the Dow Jones Credit Suisse AllHedge Strategy Index Rules, Credit Suisse Hedge Index, LLC is publishing the following notice: The following funds are in a Special Rebalancing Situation (as defined in the Index Rules available on www.hedgeindex.com): Alexandra Global Investment Fund I Ltd., Bennelong Asia Pacific Multi Strategy Equity Master Fund Ltd., Canyon Value Realization Fund (Cayman) Ltd., Castlerigg International Limited, Contrarian Fund I Offshore Ltd., Deephaven Global Multi-Strategy Fund, Drawbridge Global Macro Fund Ltd. - SPV Assets, Firebird Avrora Fund Ltd, GLG European Long Short Fund Ltd., GLG Market Neutral Fund Ltd., JANA Offshore Partners Ltd., Jayhawk China Fund (Cayman) Ltd., Longacre International Ltd., Owl Creek Overseas Fund Ltd., Ramius Multi-Strategy Fund Ltd., Seneca Capital International, Ltd., Shepherd Select Asset Ltd. and WGTC Ltd.

Additional information about the Dow Jones Credit Suisse Hedge Fund Indexes -- including research, fund performance and constituent fund information -- can be found at www.hedgeindex.com.

About Dow Jones Indexes

Dow Jones Indexes (www.djindexes.com) is a leading full-service index provider that develops, maintains and licenses indexes for use as benchmarks and as the basis of investment products. Best-known for the Dow Jones Industrial Average, Dow Jones Indexes offers more than 130,000 equity indexes as well as fixed-income and alternative indexes, including measures of hedge funds, commodities and real estate. Dow Jones Indexes employs clear, unbiased and systematic methodologies that are fully integrated within index families. Dow Jones Indexes is part of a joint venture company owned 90 percent by CME Group Inc. (www.cmegroup.com) and 10 percent by Dow Jones & Company, Inc. (www.dowjones.com), a News Corporation company (NASDAQ: NWS, NWSA; ASX: NWS, NWSLV; www.newscorp.com).

About Credit Suisse AG

Credit Suisse AG is one of the world's leading financial services providers and is part of the Credit Suisse group of companies (referred to here as 'Credit Suisse'). As an integrated bank, Credit Suisse offers clients its combined expertise in the areas of private banking, investment banking and asset management. Credit Suisse provides advisory services, comprehensive solutions and innovative products to companies, institutional clients and high-net-worth private clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 50,100 people. The registered shares (CSGN) of Credit Suisse's parent company, Credit Suisse Group AG, are listed in Switzerland and, in the form of American Depositary Shares (CS), in New York. Further information about Credit Suisse can be found at www.credit-suisse.com.

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In its Asset Management business, Credit Suisse offers products across a broad spectrum of investment classes, including hedge funds, credit, index, real estate, commodities and private equity products, as well as multi-asset class solutions, which include equities and fixed income products. Credit Suisse's Asset Management business manages portfolios, mutual funds and other investment vehicles for a broad spectrum of clients ranging from governments, institutions and corporations to private individuals. With offices focused on asset management in 19 countries, Credit Suisse's Asset Management business is operated as a globally integrated network to deliver the bank's best investment ideas and capabilities to clients around the world.

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SOURCE Credit Suisse AG