Long/Short Equity and Global Macro Hedge Funds Post Positive Returns in Feb
Friday, March 5, 2010 : Permalink
New York – Based on February performance for the LAB Liquid Indices, Long/Short Equity and Global Macro hedge funds posted positive February returns, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.
Dr. Drachman noted, “The LAB Long/Short Liquid Index was up 1.01% with gains coming primarily from long positions in the industrial and consumer sectors. Despite February gains, Long/Short Equity funds are down 0.46% year-to-date as a result of increased global equity market volatility. Moreover, the Credit Suisse Global Macro Liquid Index (“LAB Global Macro Liquid Index”) finished the month up 1.14% as many managers benefited from long commodity positions in February. The Global Macro sector is estimated to be up 2.33% year-to-date.”
About Liquid Alternative Beta (“LAB”) Indices
LAB (formerly known as Alternative Index Replication or “AIR”) is a series of indices that seek to replicate the aggregate return profiles of alternative investment strategies using liquid, tradable instruments. The LAB umbrella currently includes the Long/Short Liquid Index and the Global Macro Liquid Index which enable investors to gain liquid, transparent insight into the Global Macro and Long/Short Equity sectors of the Credit Suisse/Tremont Hedge Fund Index.
