The Credit Suisse LAB Liquid Indices posted negative performance in August according to Dr Jordan Drachman (pictured), Head of Research for Alternative Beta Strategies at Credit Suisse.
Dr Drachman says: "The Credit Suisse Liquid Alternative Beta Index (CSLAB), which aims to reflect the performance of the overall hedge fund industry, finished down 3.36% in August. The Event Driven sector saw the most significant declines, finishing down 4.62% as the S&P downgrade of the US credit rating caused a broad market sell-off that negatively impacted the distressed equity sector. Meanwhile, the Managed Futures strategy was up 0.35% for the month as long fixed income trades offset losses in currencies and equity futures."
