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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Vortic: Reimagining the Custom Wristwatch

Sep 27 2016 | 7:24pm ET

American watch manufacturer Vortic, which started out restoring antique pocket watch...

Guest Contributor

Hedge Fund Marketing – Tips for Your Initial Sales Meeting

Sep 29 2016 | 5:46pm ET

There are two main goals a hedge fund should have for an initial in-person sales...