The Credit Suisse Liquid Alternative Beta Index was down 1.01 per cent in August, according to Dr Jordan Drachman, head of alternative beta strategies at Credit Suisse.
Performance was negative across all strategies within the CSLAB Index indicating a difficult month for hedge funds.
The Event Driven Liquid Index was the worst performing strategy with a return of -1.54 per cent, followed by Long/Short Liquid Index (-1.05 per cent).
The Global Strategies Liquid Index and the Credit Suisse Managed Futures Liquid Index were both down 0.80 per cent, while the Merger Arbitrage Liquid Index was the top performer with a return of −0.06 per cent.
