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Credit Suisse LAB Liquid Indices was down -0.58% for June, event driven hit hardest at -1.43%

Tuesday, July 05, 2011
The Credit Suisse LAB Liquid Indices posted negative performance in June according to Dr. Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

Dr. Drachman noted: "The Credit Suisse Liquid Alternative Beta Index ("CSLAB"), which aims to reflect the performance of the overall hedge fund industry, generated negative performance in June, finishing down 0.58% for the month. Of the five LAB Liquid Indices, Event Driven saw the most significant decline, finishing down 1.43% as equity markets continued to fall amid uncertainty regarding Greek Debt." Drachman continued, "June also marked the three year anniversary of our Long/Short Liquid Index. Since its launch on June 1, 2008, the LAB Long/Short Liquid Index has tracked the benchmark Dow Jones Credit Suisse Long/Short Equity Hedge Fund Index with an overall correlation of 87% and an annualized return of 9.62% versus 9.34% for its benchmark through May."

Full performance charts: Source


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