The Dow Jones Credit Suisse Hedge Fund Index finished up 1.42 per cent for the month of July.

Managed futures (4.68 per cent), fixed income arbitrage (1.62 per cent) and multi-strategy (1.28 per cent) were the three best performers among the ten sub-strategies, while risk arbitarage (-0.51 per cent), dedicated short bias (-0.44 per cent) and equity market neutreal (-0.40 per cent) all finished the month in negative territory.

The following funds have been dropped from the Dow Jones Credit Suisse Hedge Fund Index in July: Epoch Master Fund and Steelhead Navigator Fund.

The following funds have been added to the Dow Jones Credit Suisse Hedge Fund Index in July: Amida Partners Convertible Master Fund, Forum Global Opportunities Fund, Kondor Fund, and Renaissance Institutional Diversified Alpha Fund.