The Credit Suisse Liquid Alternative Beta (LAB) Index was flat in May according to Jordan Drachman, head of alternative beta strategies at the private bank.
Drachman said, "The Credit Suisse Liquid Alternative Beta Index, which aims to reflect the performance of the overall hedge fund industry, finished flat in May. The Merger Arbitrage strategy was the strongest performer for the month, finishing up 1.25% in May."
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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.
On the other hand, the Dow Jones Credit Suisse Hedge Fund Index finished up 1.39% for the month of April, ahead of the same Hedge Fund Index that finished up 1.21% in March.
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