The Credit Suisse/Tremont Hedge Fund Index is flat 0.00 percent in July, according to Oliver Schupp, President of the Credit Suisse Index Co., Inc.
“Equity and credit markets reversed their bull run and fell from all time highs in July in the wake of the subprime market fallout,” says Oliver Schupp. “The S&P 500 Index dropped approximately 6 percent from July 19th through the end of July, while most European and Asian equity markets also fell sharply.”
The Credit Suisse/Tremont Hedge Fund Index is comprised of 458 funds as of July 31, 2007. The Index is constructed using the Credit Suisse/Tremont database of more than 5,000 hedge funds.
Performance for the Credit Suisse/Tremont Hedge Fund Index and its ten sub-strategies is calculated monthly.