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Credit Suisse Liquid Alternative Beta L/S Equity Index performance (-0.75% in Nov, 12.63% YTD) indicates L/S hedge funds fell short in November

Wednesday, December 02, 2009
Opalesque Industry Updates - Based on November performance for the Credit Suisse Long/Short Equity Liquid Index ("LAB Long/Short Equity Liquid Index"), Long/Short Equity funds did not fully capitalize on November's equity market rally since many funds are maintaining more conservative positions in anticipation of year-end, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

Dr. Drachman noted, "Long/Short Equity hedge funds underperformed most global equity markets as managers maintained relatively neutral exposure to equity markets and many began to lock in profits before the end of the year. Global Macro hedge funds experienced positive performance this month as managers capitalized on increased macro-economic activity. The LAB Long/Short Equity Liquid Index was down -0.75% (net) for the month, while the Credit Suisse Global Macro Liquid Index ("LAB Global Macro Liquid Index") finished up 2.23% (net) in the same period."

Performance Table available: Source

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