Financial Standard – Long/short hedge fund managers increased their net exposure to equity markets, allowing them to post positive returns last month, according to a replication index.
The Credit Suisse Long/Short Equity Replication Index, which replicates the performance of major hedge fund strategies, was up almost 2 per cent (net) in July.
At the same time, the Credit Suisse Global Macro Replication Index crept into positive territory by 3 basis points.
