HFRX Indices Daily Performance - 07-27-2010
	DTD	MTD	YTD	INDEX VALUE
HFRX Global Hedge Fund Index	-0.10%	0.92%	-0.29%	1153.82
HFRX Equal Weighted Strategies Index	0.05%	0.85%	0.76%	1120.72
HFRX Convertible Arbitrage Index	0.37%	1.51%	3.46%	642.84
HFRX Equity Hedge Index	-0.45%	2.08%	-1.41%	1119.03
HFRX Event Driven Index	-0.10%	0.57%	-0.17%	1345.73
HFRX Macro Index	-0.04%	-1.15%	-3.44%	1204.50
HFRX Market Directional Index	-0.17%	2.49%	2.48%	1180.53
HFRX Relative Value Arbitrage Index	0.15%	1.11%	2.41%	1118.17
Source: Hedge Fund Research, Inc.    www.hedgefundresearch.com