The Dow Jones Credit Suisse Core Hedge Fund Index closed up 0.56 per cent in August as five of the seven index component strategies reported positive results.

Long/short equity (1.66 per cent) and global macro (0.88 per cent) were the top performing strategies, while managed futures (-2.01 per cent) and emerging markets (-0.15 per cent) were the worst performers and the only two strategies in negative territory.

The Dow Jones Credit Suisse Core Hedge Fund Index provides daily published index values which seek to enable investors to track the impact of market events on the hedge fund industry.