NEW YORK, March 2, 2011 /PRNewswire/ -- Returns for the Credit Suisse LAB Liquid Indices suggest that hedge funds experienced positive performance in February according to 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 return of the overall hedge fund industry, generated positive performance in February, finishing up 1.60% for the month. All four LAB sector indices posted gains as managers profited from a number of diverse strategies which generated positive returns across both equity and credit markets. The LAB Event Driven Liquid Index was the best performer in February (+2.08%), bringing year-to date returns to 3.35%."
About LAB Indices
LAB is a series of indices that seek to replicate the aggregate return profiles of alternative investment strategies using liquid, tradable instruments that are selected and weighted using an objective and transparent rules-based methodology. An algorithm determines the appropriate factors and weightings employed in seeking to replicate the returns of specific hedge fund strategies.
Performance for the LAB Indices (shown below) is calculated daily. 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>.
Credit Suisse Liquid Alternative Beta Index
Credit Suisse Long/Short Liquid Index
Credit Suisse Global Macro Liquid Index
Credit Suisse Event Driven Liquid Index
Credit Suisse Merger Arbitrage Liquid Index
The LAB family of indices includes five separate indices which are valued daily and returns listed on Bloomberg:
- The Credit Suisse Liquid Alternative Beta Index seeks to reflect the return of the overall hedge fund industry as represented by the Dow Jones Credit Suisse Hedge Fund Index. Bloomberg ticker, CSLAB;
- The Credit Suisse Long/Short Liquid Index seeks to reflect the return of hedge funds as represented by the Long/Short Equity sector of the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABLS;
- The Credit Suisse Global Macro Liquid Index seeks to reflect the return of hedge funds as represented by the Global Macro sector of the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABGM;
- The Credit Suisse Event Driven Liquid Index seeks to reflect the return of hedge funds as represented by the Event Driven sector of the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker, CSLABED and
- The Credit Suisse Merger Arbitrage Liquid Index seeks to gain broad exposure to the Merger Arbitrage strategy using a pre-defined quantitative methodology to invest in a liquid, diversified and broadly representative set of announced merger deals, Bloomberg ticker, CSLABMA.
Credit Suisse Asset Management, LLC is a subsidiary of Credit Suisse and is headquartered at 11 Madison Avenue, New York, NY 10010-3629.
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Important Legal Information
This document was produced by and the opinions expressed are those of Credit Suisse as of the date of writing and are subject to change without obligation to update. It has been prepared solely for information purposes and for the use of the recipient. It does not constitute an offer or an invitation by or on behalf of Credit Suisse to any person to buy or sell any security. Any reference to past performance is not a guide to future performance. The information and analysis contained in this publication have been compiled or arrived at from sources believed to be reliable but Credit Suisse does not make any representation as to their accuracy or completeness and does not accept liability for any loss arising from the use hereof.
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