Wednesday, 7 October 2015
Last updated 19 hours ago
Feb 5 2014 | 8:29am ET
Hedge funds sank in January, weighed down by stock prices, which dropped even more, according to an industry replication index.
The Credit Suisse Liquid Alternative Beta Index fell 0.94% last month, as the Standard & Poor's 500 Index dropped 3.5%. Four of the five strategies tracked by the LAB suite lost ground, "led" by managed futures, which fell 3.45% on the month.
The long/short LAB index dropped 1.76% in January, global strategies fell 1.18% and merger arbitrage was off by 0.92%.
The only strategy to post a winning January was 2013's best performer, event-driven, which rose 0.18% on the month.
Oct 7 2015 | 4:57am ET
Charity A Leg To Stand On (ALTSO) will hold its 12th Annual Hedge Fund Rocktoberfest – NYC on October 15 and its 4th Annual Rocktoberfest - Chicago on October 22. Read more…