Global Macro Advances, Long/Short Declines In January

Feb 2 2010 | 1:01pm ET

Global macro hedge funds rose in January, while long/short funds tumbled with the stock market, according to Credit Suisse Asset Management.

The LAB Global Macro Liquid Index, which tracks only those alternative investment funds using liquid, tradeable strategies, rose 1.18% last month. The LAB Long/Short Index, by contrast, dropped 1.46%.

“Despite overall negative performance, Long/Short Equity hedge funds outperformed major global equity market indices in January,” Jordan Drachman, head of research for alternative beta strategies, said. “On the other hand, the Credit Suisse Global Macro Liquid Index finished the month up 1.18% in January as many macro managers removed some of the risk from their books in the new year.”


In Depth

Q&A: TCA Fund Management's Bob Press on Small-Cap Private Equity

Aug 25 2016 | 8:55pm ET

The emergence of private credit as a replacement for traditional bank financing...

Lifestyle

Kiawah: Island Reversal

Aug 24 2016 | 9:59pm ET

Looking for real estate investments but the typical real estate fare isn’t cutting...

Guest Contributor

Old Hill Partners: Embrace Illiquidity

Aug 9 2016 | 2:39pm ET

The age-old financial concept that higher yields are the result of higher risk and...