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Credit Suisse Liquid Alternative Beta Index Performance is +1.14% (est), (+6.65% YTD)

Wednesday, November 03, 2010
Opalesque Industry Update - Returns for the LAB Liquid Indices suggest that hedge funds continued to produce positive returns through October according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

Dr. Drachman noted, “The Credit Suisse Liquid Alternative Beta Index (“CSLAB”) was up 1.14% in October, led by strong performance in both the Long/Short Equity and Event Driven sectors. The Credit Suisse Long/Short Liquid Index was the greatest positive contributor for the second month in a row, posting returns of 2.43%, as managers benefited from global equity market rallies. Similarly, the Credit Suisse Event Driven Liquid Index was up 2.17% in October, pushing year-to-date performance into the double digits (+11.25%). Global Macro was the only sector with negative performance in October finishing down 1.19%”

(press release)

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