Replication Index Up 1.65% In Oct.

Nov 4 2013 | 12:48pm ET

Hedge funds opened the fourth quarter with gains but once again failed to beat the broader markets, according to an industry replication index.

The Credit Suisse Liquid Alternative Beta Index rose 1.65% in October, while the Standard & Poor's 500 Index added about 4.75%. On the year, the hedge fund benchmark is up 6.01%—and the S&P500 23.5%.

Event-driven was the best-performing strategy in October, rising 2.42% (9.12% year-to-date), followed by long/short at 2.16% (7.08% YTD). Global strategies added 1.22% on the month (4.59% YTD).

Both merger arbitrage and managed futures lost ground last month, with the former down 0.36% (up 6.5% YTD) and the latter 0.47% (up 3.24% YTD).


In Depth

PAAMCO: Will Inflation Deflate the Asset Bubble?

Jan 30 2018 | 9:49pm ET

As the U.S. shifts from monetary stimulus to fiscal stimulus, market pricing should...

Lifestyle

CFA Institute To Add Computer Science To Exam Curriculum

May 24 2017 | 9:25pm ET

Starting in 2019, financial industry executives sitting for the coveted Chartered...

Guest Contributor

Boost Hedge Fund Marketing ROI By Raising Your ROO

Feb 14 2018 | 9:57pm ET

Tasked with delivering returns on client capital, a common dilemma for many alternative...

 

FINalternatives Trending

From the current issue of