Dr. Jordan Drachman Opalesque Industry Update - The Credit Suisse LAB Index was up 0.92% in December 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, which aims to reflect the performance of the overall hedge fund industry, finished up 0.92% in December. Three of the five sectors posted positive performance, including Event Driven which was the strongest performer, gaining 1.76%. Meanwhile, Merger Arbitrage was the lowest performing strategy, down 0.78% for the month; however, it remained the highest performing sector year-to-date, up 3.14%.”
Full performance table:Source