New York (Hedgeco.net) – Based on December performance for the Credit Suisse Long/Short Equity Liquid Index (“LAB Long/Short Equity Liquid Index”), Long/Short Equity funds ended the year on a high note as managers took advantage of increased equity market opportunities to further their gains in December, according to Jordan Drachman, Head of Research for Alternative Beta Strategies at Credit Suisse.

Dr. Drachman noted, “Long/Short Equity hedge funds experienced positive December returns in line with many global equity markets. In particular, managers were able to capitalize on increased volatility in Asian markets, including a significant year-end rebound in Japan which contributed to opportunities in the sector. The LAB Long/Short Equity Liquid Index was up 1.19% (net) for the month and 13.12% (net) year to date. However, the Credit Suisse Global Macro Liquid Index (“LAB Global Macro Liquid Index”) was down 1.70% (net) in December and up 3.93% (net) year to date.”

Editing by Alex Akesson
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