Wednesday, 20 August 2014
Last updated 1 hour ago
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.
Aug 4 2014 | 7:42am ET
By now, U.S. and international subscribers have received their home or office delivery of the special 500th issue of Futures magazine. You can too!—a very special offer follows. The issue is the largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders. Read more…
The July/August 2014 issue is our largest in years—filled with the best trading strategies and stories from 43 years of being the primary publication for commodity, stock, options and forex traders.
The Alpha Pages Editor's Note