The Credit Suisse LAB Index was down 0.39% in November according to Dr Jordan Drachman, 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 0.39% in November. Despite the decline, three of the five sectors posted positive performance. Merger Arbitrage was the best performer, finishing up 0.36%, and is currently the highest performing sector year-to-date, up 3.95%. Meanwhile, Event Driven was the lowest performing strategy, down 1.57% for the month."
