New York (HedgeCo.net) – Hedge funds were negatively impacted by broad market sell-offs in August, although certain sectors showed resilience amid the increased market volatility according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

“While the Credit Suisse Liquid Alternative Beta Index (“LAB Index”) was down 1.14% in August, it outperformed the MSCI World, which fell 4.03%.” Dr. Drachman said, “Helping to minimize the losses of the LAB Index was the Global Macro Liquid Index, which posted slight gains of 0.69% for the month.

“Despite the month’s negative returns, LAB remains largely positive year-to-date with three of the four LAB sector indices posting gains. The LAB Merger Arbitrage Index remains the best performing sector with year-to-date gains of 5.57% as a result of the recent increase in M&A activity.” Dr Drachman concluded.

Editing by Alex Akesson
For HedgeCo.net
alex@hedgeco.net
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