Credit Suisse: Hedge Funds Lose 1.28% In YTD

Aug 6 2014 | 11:21am ET

Hedge funds wilted in the July heat, an industry replication index shows.

The Credit Suisse Liquid Alternative Beta Index dropped 1.28% last month, more than halving its year-to-date gain to 0.91%.

Event-driven funds took the biggest hit, falling 2.17% (up 0.88% year-to-date). Global strategies dropped 1.13% (up 0.28% YTD) and long/short dipped 0.5% (up 3.23% YTD).

Managed futures funds did best in July, adding 0.23% (down 4.19% YTD). Merger arbitrage rose 0.1% (down 2.43% YTD).


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Chicago-based independent futures brokerage and clearing firm R.J. O’Brien & Associates (RJO) has hired industry veteran Daniel Staniford as Executive Director, responsible for the firm’s institutional business development in New York and London.

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