The Credit Suisse LAB Index was up 1.39% in September according to Jordan Drachman, head of alternative beta strategies at Credit Suisse.
Drachman noted, "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished up 1.39% in September. The Event Driven strategy was the strongest performer for the month, finishing up 2.65% in September, and the second-strongest performing strategy year-to-date, returning 6.54% year-to-date in 2013."
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The LAB series of indices seek to replicate the aggregate return profiles of hedge fund strategies using liquid, tradable instruments. LAB indices are priced daily and constructed using an objective and transparent rules-based methodology, making them ideal candidates for index-linked products.
The LAB series includes six separate indices which are distinguishable in terms of their level of granularity, reflecting the belief that the various strategies within the hedge fund industry are exposed to different risks and as such need to be modeled separately.
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