Friday, 6 March 2015
Last updated 2 hours ago
Jan 5 2012 | 2:10pm ET
A strong December wasn't enough to prevent a losing 2011 for the hedge fund industry, according to one benchmark.
The Credit Suisse Liquid Alternative Beta Index ended last year down 0.06%, despite December's 0.92% surge. Still, three out of the five strategies tracked by the replication indices manages positive returns in 2011.
In spite of a 0.78% decline last month, the merger arbitrage index added 3.14% on the year. Event-driven was up 0.43%, thanks to a 1.76% jump in December, while long/short was up 0.35% after a nearly flat December, down just 0.04%.
Managed futures did not do so well, falling 3.55% on the year after a 0.19% return last month. Global strategies fell 0.28% in 2011, but ended the year on a high note, returning 0.9% in December.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…