The Distressed Securities Index’s 1.18% gain was enough to prop up the composite, now up 8.03% year-to-date. In June, the aggregate was up 0.83%, according to data released by CSFB/Tremont Index.
Overall, results among the Index components were evenly mixed between gainers and losers. After Distressed Securities, now up 15.41% YTD, was the Event Driven Index with a 0.95% gain (12.08% YTD). Among the other monthly winners:
- Event Driven Multi-Strategy – 0.81%
- Equity Market Neutral – 0.68%
- Emerging Markets – 0.56%
- Risk Arbitrage – 0.48%
Conversely, the Managed Futures Index, lost 2.75% in July, its second losing month in a row. However, for the year, Managed Futures are still on the positive side, up 7.47%. Among the month’s other indexes in the red:
- Dedicated Short Bias – off 2.06%
- Fixed Income Arbitrage – down 0.98%
- Convertible Arbitrage – lower by 0.35%
Performance for the CSFB/Tremont Hedge Fund Index is calculated monthly. Full July and year-to-date returns for all categories are at www.hedgeindex.com .
« EEOC Charges Caterpillar With Bulldozing Employees' Rights