Four of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net-of-fees gains in July 2006, and equity market neutral was the best performing strategy for the month with a net-of-fee return of 1.10%. This was followed by a gain of 1.02% by convertible arbitrage. Merger arbitrage and distressed securities posted gains of 0.62% and 0.59%, respectively. Event driven lost 0.14%, and equity long/short declined another 1.99%. On a YTD basis, distressed securities leads with a gain of 8%.
Four Out Of Six Hedge Funds In Dow Jones Universe Are Up
Four of the six hedge fund strategies covered by Dow Jones Hedge Fund Indexes posted net of fees gains in July 2006, and equity market neutral was the best performing strategy for the month with a net of fee return
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