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Opalesque Industry Update: The Credit Suisse LAB Index was up 0.96% in July 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 up 0.96% in July. The Managed Futures strategy was the most significant contributor to performance, finishing up 1.32% for the month. The Event Driven strategy was the second-highest contributor to performance, finishing up 1.16% for the month, and bringing performance to 5.92% year-to-date.” 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.
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