Replication Index Up 1.65% In Oct.

Nov 4 2013 | 11:48am 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

Malik: The Science of Deal Sourcing 201

Aug 27 2015 | 5:35pm ET

Deal sourcing is understandably a hot topic among private equity firms because it...

Lifestyle

Rolling Art Advisors Marketing Collectible Car Fund As Uncorrelated Alternative

Aug 27 2015 | 6:47pm ET

A new fund is trying to provide investors with greater access to an emerging asset...

Guest Contributor

FATCA for Hedge Funds: Eight Common Pitfalls

Sep 1 2015 | 10:56am ET

FATCA is now a way of life for those in the financial industry and most professionals...

 

Editor's Note