Credit Suisse: Hedge Funds Up 0.77% In Nov.

Dec 4 2013 | 2:16pm ET

Hedge funds enjoyed modest gains in November, according to an industry replication index.

The Credit Suisse Liquid Alternative Beta Index rose 0.77% last month, bringing its year-to-date return to 6.83%. The Standard & Poor's 500 Index rose 2.8% in November and is up 26.6% in 2013.

Managed futures was far-and-away the best strategy tracked by the Credit Suisse indices last month, soaring 3.08% (6.41% year-to-date). No other strategy was up even 1% for the month; global strategies were second-best at 0.85% (5.48% YTD).

Event-driven funds added an average of 0.78% in November (9.97% YTD), long/short 0.5% (7.62% YTD) and merger arbitrage 0.3% (6.82% YTD).

In Depth

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…