The Credit Suisse Hedge Fund Index finished down 0.31 per cent for the month of July with five of the ten sub-strategies ending the month in negative territory.

Managed futures saw the biggest decrease with a return of -1.03 per cent, followed by long/short equity (-0.97 per cent), equity market neutral (-0.70 per cent), event driven (-0.59 per cent) and global macro (-0.01 per cent).
 
Dedicated short bias was the best performing strategy finishing the month with a gain of 2.00 per cent.
 
The other sub-strategies to see positive returns were convertible arbitrage (0.06 per cent), emerging markets (0.45 per cent), fixed income arbitrage (0.30 per cent) and multi strategy (0.13 per cent).