Long/Short Equity Hedge Funds Outperformed Broad Equity Indices in January

Based on January performance for the Credit Suisse Long/Short Liquid Index (“LAB Long/Short Liquid Index”), Long/Short Equity funds posted negative returns in January but outperformed global equity indices, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

Dr. Drachman noted, “The LAB Long/Short Liquid Index was down 1.46% for the month as managers struggled to find profitable positions amid falling equity markets. Despite overall negative performance, Long/Short Equity hedge funds outperformed major global equity market indices in January. On the other hand, the Credit Suisse Global Macro Liquid Index (“LAB Global Macro Liquid Index”) finished the month up 1.18% in January as many macro managers removed some of the risk from their books in the new year.”

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.

About Alex Akesson

Alex has been specializing in hedge fund and alternative investment news since April 2006. Working mainly in research and manager interviews, she has published breaking news on the hedge fund industry on her blog, as well as several industry publications. Her access to hedge fund managers gives her insight into news stories as well, and the ability to track press releases and other breaking news in real time.
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