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

Star Fund Managers Battered By Rocky Ride In Yields, Currencies

May 28 2015 | 6:05am ET

Some of the biggest names in the investment world have been whipsawed by the recent...

Lifestyle

Yale Receives $150 Million Gift from Blackstone’s Schwarzman

May 12 2015 | 12:10am ET

Yale University announced it has received a $150 million gift from Blackstone Group...

Guest Contributor

When Less is More: The Case for Concentrated Equity Strategies

Jun 1 2015 | 7:59am ET

The conventional wisdom is that wide diversification is the “holy grail,” as...

 

Sponsored Content

Editor's Note