Hedge Funds Add 1.34% To Start Year, Credit Suisse Index Shows

Feb 3 2012 | 12:28am ET

Hedge funds got off on the right foot—to an extent—in 2012, posting gains for January, according to a set of industry replication indices.

The Credit Suisse Liquid Alternative Beta Index rose 1.34% last month. Of course, the LAB indices needed a good start less than other hedge fund benchmarks: The LAB index fell just 0.06% last year, which many indices showed was the second-worst year ever for hedge funds.

There's a further caveat to January's good news: Hedge funds still appear to be missing out on much of the upside to be found in stocks. The Standard & Poor's 500 Index rose by more than 4% last month.

Four of the five strategies tracked by the LAB indices posted gains, led by long/short, which rose 2.57%, and event-driven, which added 2.14%. Global strategies rose 0.59% and merger arbitrage 0.49%, while managed futures lost 0.27% on the month.


In Depth

An Interview With Harvest Volatility Management's Rick Selvala

Mar 23 2017 | 5:39pm ET

Several years of extremely low interest rates have pushed some investors into equities...

Lifestyle

'Tis the Season: Wall Street Holiday Parties Back In Fashion

Dec 22 2016 | 9:23pm ET

Spending on Wall Street holiday parties has largely returned to pre-2008 levels...

Guest Contributor

SEI: Private Debt Coming Into Its Own

Mar 8 2017 | 9:24pm ET

The explosive growth of private debt over the past few years has caused the lines...

 

From the current issue of