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.