Credit Suisse Replication Index Falls 0.94%

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.


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Editor's Note