Beta Index Shows Slow Month For Hedge Funds

Sep 7 2012 | 10:28am ET

Hedge funds added 0.53% last month, badly lagging the broader markets, a hedge fund replication index shows.

The disappointing August—a month that saw the Standard & Poor's 500 Index rise almost 2%—leaves the Credit Suisse Liquid Alternative Beta Index up just 2.37% on the year, compared to almost 12% for the S&P500. Long/short funds actually managed to beat the broad-market index last month, rising 2.05%, but remain up just 3.67% on the year, according to Credit Suisse.

Event-driven remains the strongest strategy in the LAB arsenal after a 1.38% jump in August left it up 7.1% on the year. LAB's three other strategies were all in the red for the month.

Managed futures fell 1.5% (down 5.34% year-to-date), global strategies 0.23% (up 0.1% YTD) and merger arbitrage 0.08% (down 2.09% YTD).


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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