In one whiplash inducing week on Wall Street, markets have experienced some of the most extreme consecutive pricing swings on record, ultimately resulting in a 13.6% loss for the Dow Jones Global Index month-to-date (through August 10th).
However, according to Oliver Schupp, President of Credit Suisse Index Co., LLC, “Despite challenging conditions, hedge funds appear to have so far been effective in their attempt to provide a level of capital preservation, and overall have limited losses relative to perceived riskier asset classes such as equities. The Dow Jones Credit Suisse Core Hedge Fund Index is down 3.7% month-to-date compared to a loss of 13.6% for the Dow Jones Global Index over the same time period.”
