Returns for the LAB Liquid Indices suggest that hedge funds produced their best monthly returns year-to-date amid September’s market rally 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”) was up 3.58% last month, making September the best month of performance for hedge funds this year. The greatest positive contributor in September was the Credit Suisse Long/Short Liquid Index which posted record returns of 5.41%. The LAB Event Driven Liquid Index was up 4.65%, making it the best performing sector year-to-date with gains of 8.89%. The LAB Merger Arbitrage Liquid Index posted gains of 1.96% for the month, helped by the continued activity in the M&A space.”
Editing by Alex Akesson
