The Credit Suisse Liquid Alternative Beta Index finished down 1.29 per cent in November as managers struggled to find profitable positions amid falling equity markets.
The Long/Short Liquid Index fell 1.14 per cent, the Global Macro Liquid Index fell 1.35 per cent, the Event Driven Liquid Index dropped 1.31 per cent and the Merger Arbitrage Liquid Index was down 2.42 per cent.
Despite the negative monthly performance, four out of the five liquid indices remain in positive territory for the year, with the Event Driven Liquid Index leading returns at 9.79 per cent year-to-date.
The Global Macro Liquid Index is down 1.19 per cent year-to-date.
