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).


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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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