Tuesday, 21 February 2017
Last updated 15 min ago
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.
|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.