During July, the Roubaix Composite generated a net return of +0.76% relative to a total return of +2.03% for the HFRI Equity Hedge (Total) Index and +6.12% for the Russell 2000 Total Return Index. On a year-to-date basis the Roubaix Composite generated a net return of +14.53% relative to a total return of +7.83% for the HFRI Equity Hedge (Total) Index and +14.70% for the Russell 2000 Index. The average daily net exposure during July was 46.33% compared to a 43.16% average since inception in January 2010.


