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

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...