Opalesque Industry Update: The Credit Suisse LAB Index was down 0.24% in November according to Dr. Jordan Drachman, Head of 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 0.24% in November. The Merger Arbitrage strategy was the most significant contributor to performance, finishing up 0.85% for the month. Event Driven strategy is the second most significant contributor, finishing up 0.41%, and continues to be the highest performing strategy year-to-date, up 9.57% thus far in 2012. The Managed Futures strategy was the most significant detractor from performance, finishing down 0.65% for the month.”
Performance for the LAB indices is shown below. Research, performance, descriptions, statistics and downloadable index performance history can be found online at www.credit-suisse.com/lab or on Bloomberg.