Hedge Funds Up 1.39%, Credit Suisse Says

Oct 3 2013 | 3:15am ET

Hedge funds rose 1.39% in September, according to Credit Suisse's hedge fund replication index.

The Credit Suisse Liquid Alternative Beta Index is up 4.29% on the year. The index had fallen 1.01% in August.

All but one of the LAB suite's five strategy indices also enjoyed a positive September. Event-driven rose 2.65% (6.54% year-to-date), long/short 1.26% (4.82% YTD), merger arbitrage 1.04% (6.88% YTD) and global strategies 0.93% (3.34% YTD). Only managed futures posted a loss, dropping 0.31% (up 3.72% YTD).

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