Tuesday, 1 December 2015
Last updated 6 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.
Oct 21 2015 | 10:41am ET
One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…