Hedge Funds Up 1% In March, Alternative Beta Index Shows

Apr 8 2010 | 4:13am ET

Hedge funds enjoyed broadly positive returns last month, with most strategies ending the first quarter in the black, according to Credit Suisse’s Liquid Alternative Beta indices.

The overall index rose 1.02% in March and is up 1.83% year-to-date. All but one of the three LAB subindices also rose last month, with the sole loser being global macro, which shed 2.97% on the month, leaving it down 0.71% on the year.

The first-quarter returns suggest that “hedge funds will continue their streak of positive performance through the first quarter,” Jordan Drachman, head of research for alternative beta strategies, said.

Long/short hedge funds earned 3.57% in March, according to the LAB indices, and 3.1% in the first quarter. Event-driven funds rose 2.15% (3.59% year-to-date) and merger arbitrage funds gained 0.94% (2.29% YTD).

Credit Suisse expanded its range of LAB indices just last month. March is the first month the firm has published the results for the overall index and the event-driven and merger arbitrage subindices.


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...