Performance

Absolute return Indices - U.S. composite slips underwater

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July was a tough month for most hedge fund strategies, with LatAm Equity, Commodities and Macro funds the exceptions. The Absolute Return Composite, at -0.2%, was below water for the first time since May 2006. Leading the way for the year was LatAm Equity, which was up 12.15%.


ABSOLUTE RETURN STRATEGY INDICES

Strategy

July 07

YTD

Arbitrage

-0.02%

4.63%

Commodities

1.24%

7.13%

Convertible & Equity Arbitrage

-0.26%

3.59%

Credit

-1.04%

5.04%

CTAs

-0.74%

2.36%

Distressed

-1.20%

5.25%

Event Driven

-0.86%

7.30%

Fixed Income

0.39%

4.41%

Global Equity

0.03%

8.50%

Latin American Debt

-0.35%

7.05%

Latin American Equity

1.74%

12.15%

Macro

1.04%

8.32%

Mortgage Backed

0.02%

3.57%

Multistrategy

0.05%

7.09%

Technology

-0.44%

6.85%

U.S. Equity

-0.60%

6.42%

Absolute Return Composite

-0.20%

6.01%




ABSOLUTE RETURN COMPOSITE INDEX



Source: Absolute Return