Friday, 22 August 2014
Last updated 2 hours ago
Jun 3 2010 | 9:04am ET
May performance for the LAB Liquid Indices shows that hedge fund performance was negative across most strategies, according to Jordan Drachman, head of research for Alternative Beta Strategies at Credit Suisse.
"The Credit Suisse Liquid Alternative Beta Index generated negative performance in May, returning -2.64% for the month, bringing year-to-date performance to +0.27%. All four LAB sector indices also posted negative performance in May, suggesting that hedge fund managers across different strategies suffered as a result of the month's increased market volatility," says Drachman.
However, not all news for hedge funds was bad says Drachman--at least not when compared to the broader markets.
"Despite negative returns, hedge funds appear to have outperformed global equity markets, as represented by the MSCI World Index, which lost -9.91% in May and is down 7.59% year-to-date," he says.
|May '10||April '10||YTD|
|Credit Suisse Liquid Alt. Beta Index||-2.64%||1.14%||0.27%|
|LAB Long/Short Liquid Index||-3.67%||1.44%||0.74%|
|LAB Global Macro Liquid Index||-1.47%||1.52%||-0.68%|
|LAB Event Driven Liquid Index||-3.17%||0.92%||1.23%|
|LAB Merger Arbitrage Liquid Index||-0.81%||0.38%||1.85%|
(Source: The Credit Suisse Liquid Alternative Beta Index)
LAB indices seek to replicate the aggregate return profiles of alternative investment strategies using liquid, tradable instruments that are selected and weighted using an objective and transparent rules-based methodology. An algorithm determines the appropriate factors and weightings employed in seeking to replicate the returns of specific hedge fund strategies.
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