Credit Suisse: January Good to Hedge Funds

Feb 2 2011 | 1:16pm ET

Returns for the Credit Suisse LAB Liquid Indices suggests January was a positive month for hedge funds, says the bank’s Jordan Drachman.

Said Drachman, head of research for alternative beta strategies: "The Credit Suisse Liquid Alternative Beta Index generated positive performance in January, returning 0.18% for the month. Three out of four LAB sector indices posted gains as managers utilized a number of diverse strategies which generated positive returns across both equity and credit markets. The LAB Merger Arbitrage Liquid Index posted the highest returns in January (+1.66%) after posting returns of 8.04% in 2010."

Performance for the LAB Indices (shown below) is calculated daily.

    Jan-11   Dec-10   2010
CS Liquid Alternative Beta Index 0.18% 2.77% 8.18%
CS Long/Short Liquid Index 0.71% 2.54% 9.34%
CS Global Macro Liquid Index -1.03% 1.90% 1.58%
CS Event Driven Liquid Index 1.24% 3.53% 13.66%
CS Merger Arbitrage Liquid Index 1.66% 2.28% 8.04%

                                                 Source: Credit Suisse

LAB is a series of indices that 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.


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