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Credit Suisse LAB index down 0.27% in April

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The Credit Suisse LAB Index was down 0.27% in April according to Dr Jordan Drachman (pictured), Head of Research for Alternative Beta Strategies at Credit Suisse.

Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished down 0.27% in April.

“Four of the five sectors posted negative performance. Event Driven was up 0.73% in April and has the highest performance of the strategies year-to-date in 2012, returning 3.86%. Meanwhile, Managed Futures was the lowest performing strategy, down 1.21% in April."
 

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