The Credit Suisse Liquid Alternative Beta Index suggests that hedge fund performance was positive across various strategies in April, according to Jordan Drachman, head of research for alternative beta strategies at Credit Suisse.
The index continued to generate positive performance into the second quarter of 2010, returning 1.14 per cent in April and 2.99 per cent year-to-date.
“All four sector indices also posted positive performance in April, suggesting that hedge fund managers across different strategies have been able to find profitable positions in current markets,” says Drachman.
The long/short and global macro liquid indices had the highest April returns, finishing the month up 1.44 per cent and 1.52 per cent respectively.
Meanwhile, the event driven and merger arbitrage liquid indices rose by 0.92 per cent and 0.38 per cent respectively in April.