Returns for the Credit Suisse Liquid Alternative Beta Indices suggest that hedge funds produced positive returns across strategies in July generating their strongest performance to date in 2010.
The Credit Suisse Liquid Alternative Beta Index was up 3.12 per cent in July, marking the best performing month for hedge funds this year and bringing year-to-date performance to 2.99 per cent.
Gains were generated across all strategies with each of the five sector indices posting positive returns for the month.
The LAB Event Driven Liquid Index was the strongest performer, up 4.22 per cent for the month, followed by the LAB Long/Short Equity Liquid Index, which was up 3.30 per cent.
Year-to-date, the LAB Merger Arbitrage Index is the best performing sector, up 5.99 per cent as of 31 July.
