Wednesday, 3 June 2015
Last updated 3 hours ago
Apr 3 2013 | 9:58am ET
Hedge funds closed out an up-and-down first quarter on a high note, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index rose 1.22% last month, after posting a gain in January and a small loss in February. The benchmark added 2.17% on the quarter, far behind the Standard & Poor's 500 Index, which rose more than 10% during the period.
Merger arbitrage was the strongest strategy in March among those tracked by the LAB indices, rising 2.34% (4.69% year-to-date). Long/short added 1.63% (down 0.36% YTD), event-driven 1.59% (3.39% YTD), managed futures 1.46% (3.79% YTD) and global strategies 0.98% (2.38% YTD).
May 27 2015 | 2:15pm ET
Support Hedge Funds Care, also known as Help For Children (HFC), by participating in this year's raffle. All proceeds go to support HFC's mission of preventing and treating child abuse. Read more…