Opalesque Industry Update - The Credit Suisse LAB Index was down 0.27% in April 2012 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, finished down 0.27% in April. Four of the five sectors posted negative performance. Event Driven was up 0.73% in April and has the highest performance of the strategies year-to-date in 2012, returning 3.86%. Meanwhile, Managed Futures was the lowest performing strategy, down 1.21% in April.”
Research, performance, descriptions, statistics and downloadable price history can be found on the Credit Suisse Alternative Beta website, www.credit-suisse.com/alternativebeta or on Bloomberg at (ILAB).
Press release and performance table: Source