Hedge funds generated positive performance in July, gaining 0.69% for the month, according to the latest confirmed figures for the Dow Jones Credit Suisse Hedge Fund Index.

Oliver Schupp (pictured), President of Credit Suisse Index Co, LLC, says: "The Dow Jones Credit Suisse Hedge Fund Index gained 0.69% in July, with six out of ten sectors posting positive performance for the month. Managed Futures was the best performing sector last month, posting positive performance of 4.03% as manager positions in short-term rates, bonds, and short USD proved profitable during the month.

"In addition to its overall positive performance, the industry saw an estimated USD5.0 billion in inflows. Including performance gains, total industry assets are now estimated at USD1.83 trillion."

Performance for the Broad Index and its ten sub-strategies is calculated monthly. July, June and YTD performance numbers are listed below and are available at www.hedgeindex.com.