Fri, May 6, 2016
A A A
Welcome Guest
Free Trial RSS
Get FREE trial access to our award winning publications
Industry Updates

Credit Suisse Liquid Alternative Beta Index down -3.41% in September (-4.36% YTD)

Thursday, October 06, 2011
Opalesque Industry Update - The Credit Suisse Alternative Beta Strategies team today released Hedge Fund Investing: How to Optimize Your Portfolio. The report examines how hedge fund replication can be used to help mitigate risks that are inherent with hedge fund investing.

Dr. Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse, summarized some key conclusions from the report (available here), “Over the past few years, exceptionally volatile markets have left hedge fund investors faced with a number of specific challenges, including a lack of transparency and liquidity, along with cash drag -- the diminished performance that comes from holding too much cash. As a result, hedge fund replication, which aims to track the performance of hedge fund indices without investing directly in hedge funds, has grown in popularity as investors seek to manage their hedge fund allocations more efficiently.”

Peter Little, Head of Portfolio Management and Implementation for Alternative Beta Strategies at Credit Suisse, continued, “The daily liquidity profile of hedge fund replication strategies enables a range of applications, including liquidity management, tactical risk management and hedging. As market uncertainty has risen, we see clients leveraging these features in a number of ways. For example, we have seen a significant rise in the use of inverse exposure strategies, which seek to enable an investor to hedge against broad and strategy-specific risks without losing capacity with existing hedge fund managers. With continued uncertainty on the horizon, we expect interest in the space to intensify.”

The Credit Suisse Liquid Alternative Beta Index (“CSLAB”), which aims to reflect the performance of the overall hedge fund industry, finished down 3.41% in September. Overall, CSLAB is down 4.36% year-to-date versus a loss of 15.36% for the Dow Jones Global Index, a proxy for global equity markets.

Performance for the LAB indices is shown below. Research, performance, descriptions, statistics and downloadable price history can be found on the Credit Suisse Alternative Beta website, www.credit-suisse.com/alternativebeta. Source

(press release)
pd

What do you think?

   Use "anonymous" as my name    |   Alert me via email on new comments   |   
Today's Exclusives Today's Other Voices More Exclusives
Previous Opalesque Exclusives                                  
More Other Voices
Previous Other Voices                                               
Access Alternative Market Briefing


  • Top Forwarded
  • Top Tracked
  • Top Searched
  1. Comment - Unmasking the men behind Zero Hedge, Wall Street's renegade blog[more]

    From Bloomberg.com: Colin Lokey, also known as "Tyler Durden," is breaking the first rule of Fight Club: You do not talk about Fight Club. He’s also breaking the second rule of Fight Club. (See the first rule.) After more than a year writing for the financial website Zero Hedge under the n

  2. Opalesque Exclusive: Hedge fund talent, fees take a hit at the Milken Global Conference[more]

    Bailey McCann, Opalesque New York: It's been a rough year for hedge funds and now, even other managers are panning them. "Frankly, I’m blown away by the lack of talent," was Point 72 CEO Steven Cohen's assessment of trying to find candidates to hire in the investment business at a panel o

  3. Hedge funds fell in April as alternative UCITS surge in Europe[more]

    Komfie Manalo, Opalesque Asia: Hedge funds shed more in April with the Lyxor Hedge Fund Index down 0.9% during the month (-2.8% YTD), but there was some good news with alternative UCITS showing strong inflows in Europe. In its Weekly Briefing, Lyxo

  4. Global hedge funds recover in April on resurging energy commodities[more]

    Komfie Manalo, Opalesque Asia: Global hedge funds recovered in April with the HFRX Global Hedge Fund Index gaining +0.41% last month (-1.47% YTD), while the HFRX Market Directional Index gained +5.31% during the same

  5. AIG lost $349m in hedge fund portfolio in Q1[more]

    Komfie Manalo, Opalesque Asia: Large US insurance group AIG lost a net $183m for the first quarter 2016, year-on-year. The group blames the loss on the impact of market volatility on investments, as well as net realised capital losses and restructuring costs. Its hedge fund portfolio made a n