Credit Suisse Core Hedge Fund Index fell less than half that of broad equity

Harvey Sax

13 years ago

The Dow Jones Credit Suisse Core Hedge Fund Index Down 2.88% in August versus Losses of 7.69% for Global Equity Markets

New
York, September 6, 2011 – The Dow Jones
Credit Suisse Core Hedge Fund Index fell less than half that of broad equity
indexes in August.

Oliver Schupp, President of
Credit Suisse Index Co., LLC, said, “The Dow Jones Credit Suisse Core Hedge
Fund Index finished down 2.88% in August. Despite challenging conditions
throughout the month, hedge funds appeared to be effective in providing a degree
of capital preservation when compared to global equity markets, which fell
7.69% as represented by the Dow Jones Global Index. This outperformance is
largely due to the strategic de-risking of many managers who began reducing net
exposure in the weeks, or even months, preceding the correction.”

For further analysis of how
hedge funds performed in the weeks following S&P’s downgrade of the U.S.
credit rating, please see our August 14^th press release “Hedge Fund
Hold Their Own in August” or click here.

Index	Aug 11	Jul 11	2011 YTD
Dow Jones Credit Suisse Core Hedge Fund Index	-2.88%	0.20%	-3.76%
Convertible Arbitrage	-3.46%	-0.56%	-3.60%
Emerging Markets	-3.45%	1.20%	0.04%
Event Driven	-5.31%	-1.22%	-8.06%
Fixed Income Arbitrage	-0.66%	-0.35%	1.35%
Global Macro	-1.84%	-0.16%	-5.95%
Long/Short Equity	-3.56%	0.20%	-3.23%
Managed Futures	1.03%	3.61%	0.02%

About the Dow Jones Credit Suisse
Core Hedge Fund Index

Following
the market events of 2008, increased attention has been focused on liquid hedge
fund structures, including managed accounts, which tend to offer superior
liquidity and transparency. The Dow Jones Credit Suisse Core Hedge Fund Index
is the only hedge fund index to measure the performance of this rapidly growing
industry segment by sourcing funds from multiple best-in-class managed account
platforms, an advantage over indices which are built on a single managed
account platform that may have a particular sector bias.

The Dow Jones Credit Suisse family of
hedge fund indexes also 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 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.

3. 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.

4. 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).

Contact
Information

Credit Suisse

Katherine Herring,
Corporate Communications, +1-212-325-7545, katherine.herring@credit-suisse.com

Dow Jones
Indexes

Rich Silverman,
Director, Global PR, +1-212-299-2414 richard.silverman@djindexes.com

About Dow
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