New Credit Suisse Hedge Fund Index Commentary Offers Insight into July Hedge Fund Performance

News provided by

Aug 21, 2013, 12:26 ET

NEW YORK, Aug. 21, 2013 /PRNewswire/ -- The Credit Suisse Hedge Fund Index finished up 0.88% in July. A new monthly commentary offers insight into hedge fund performance through the month of July. Some key findings from the report include:

Hedge funds, as measured by the Credit Suisse Hedge Fund Index, finished July up 0.88%, with 2 out of 10 strategies in positive territory;
In total, the industry saw estimated outflows of approximately $0.5 billion in July, bringing overall assets under management for the industry to approximately $1.9 trillion;
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.

(Logo: http://photos.prnewswire.com/prnh/20091204/CSLOGO)

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 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 is able to offer clients its expertise in the areas of private banking, investment banking and asset management from a single source. Credit Suisse provides specialist advisory services, comprehensive solutions and innovative products to companies, institutional clients and high net worth private clients worldwide, and also to retail clients in Switzerland. Credit Suisse is headquartered in Zurich and operates in over 50 countries worldwide. The group employs approximately 46,300 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.

Source: Credit Suisse Asset Management, LLC, 2013.

Certain information contained in this document constitutes "Forward-Looking Statements" (including observations about markets and industry and regulatory trends as of the original date of this document), which can be identified by the use of forward-looking terminology such as "may", "will", "should", "expect", "anticipate", "target", "project", "estimate", "intend", "continue" or "believe", or the negatives thereof or other variations thereon or comparable terminology. Due to various risks and uncertainties beyond our control, actual events, results or performance may differ materially from those reflected or contemplated in such forward-looking statements. Readers are cautioned not to place undue reliance on such statements. Credit Suisse has no obligation to update any of the forward-looking statements in this document.

This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide or indicator to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.

SOURCE Credit Suisse AG