Replication Index Rises 1.22% In March, 2.17% In Q1

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).


In Depth

Debunking Conventional Investment Wisdom

Feb 8 2017 | 3:22pm ET

Due diligence in the hedge fund world has long involved some combination of the...

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

iCapital Network: The Trump Effect On Direct Lending

Feb 23 2017 | 4:21pm ET

The arrival of the Trump Administration has raised questions among private debt...