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

Dillon Eustace: The Advantages of ICAVs

Feb 11 2016 | 7:51pm ET

As the growth of alternative investment vehicles continues, global asset managers...

Lifestyle

Citadel's Ken Griffin Donates $40M To New York's Museum of Modern Art

Dec 22 2015 | 9:23pm ET

Citadel founder Ken Griffin has donated $40 million to New York’s Museum of Modern...

Guest Contributor

Hedge Fund Marketing - Making the Most of Your Salesperson

Jan 20 2016 | 8:11pm ET

In this contributed article, Bruce Frumerman of Frumerman & Nemeth takes a close...