Dow Jones Credit Suisse Hedge Fund Index Outperforms Equity Benchmarks by More Than Two Percentage Points in July

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Aug 19, 2011, 10:23 ET

NEW YORK, Aug. 19, 2011 /PRNewswire/ -- The Dow Jones Credit Suisse Hedge Fund Index finished up 0.69% in July compared to a loss of more than 2% for the Dow Jones Industrial Average Total Return Index. A new monthly commentary offers insight that may provide an understanding of these differences. Some key findings from the report include:

The Dow Jones Credit Suisse Hedge Fund Index posted positive performance in July, finishing up 0.69%, with six out of ten strategies posting positive performance for the month. Conversely, the Dow Jones Industrial Average Total Return and Dow Jones Global Indexes fell 2.05 and 1.66% respectively;

Managed Futures was the best performing sector in July. The strategy gained 4.03% as managers capitalized on momentum in the short-term-rates and bond markets;

The Long/Short Equity sector continued to experience negative performance as market reaction to macro events overshadowed the Q2 earnings season; and

Global Macro managers posted positive performance in July, up 2.53%, as a number of previously unprofitable themes across fixed income and commodity markets changed direction.

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Industry commentaries and publications are available in the "News" section of our website, www.hedgeindex.com. Click here to view the full report which includes an overview of July hedge fund performance, in-depth commentary on individual hedge fund sectors and hedge fund return dispersion statistics for each strategy.

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.

Asset Management

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