NEW YORK,
Dec. 4, 2012 /PRNewswire/ --The
Credit Suisse LAB Index was down 0.24% in November according to Dr.
Jordan Drachman, Head of Alternative
Beta Strategies at Credit Suisse.
Dr. Drachman noted, "The Credit Suisse Liquid Alternative
Beta Index ("CSLAB"), which aims to reflect the performance of the
overall hedge fund industry, finished down 0.24% in November. The
Merger Arbitrage strategy was the most significant contributor to
performance, finishing up 0.85% for the month. Event Driven
strategy is the second most significant contributor, finishing up
0.41%, and continues to be the highest performing strategy
year-to-date, up 9.57% thus far in 2012. The Managed Futures
strategy was the most significant detractor from performance,
finishing down 0.65% for the month."
(Logo:
http://photos.prnewswire.com/prnh/20091204/CSLOGO)
Performance for the LAB indices is shown below. Research,
performance, descriptions, statistics and downloadable index
performance history can be found online at
www.credit-suisse.com/lab or on Bloomberg at
<ILAB>.
|
Nov-12
|
Oct-12
|
YTD
2012
|
Credit
Suisse Liquid Alternative Beta Index
|
-0.24%
|
-0.64%
|
2.07%
|
Credit
Suisse Event Driven Liquid Index
|
0.41%
|
0.94%
|
9.57%
|
Credit
Suisse Global Strategies Liquid Index
|
-0.46%
|
-0.86%
|
-0.98%
|
Credit
Suisse Long/Short Liquid Index
|
-0.33%
|
-2.01%
|
2.61%
|
Credit
Suisse Merger Arbitrage Liquid Index
|
0.85%
|
-1.45%
|
-3.53%
|
Credit
Suisse Managed Futures Liquid Index
|
-0.65%
|
-2.41%
|
-9.44%
|
About LAB Indices
The LAB series of
indices seek to replicate the aggregate return profiles of hedge
fund strategies using liquid, tradable instruments. LAB indices are
priced daily and constructed using an objective and transparent
rules-based methodology, making them ideal candidates for
index-linked products.
The LAB series includes six separate indices which are
distinguishable in terms of their level of granularity, reflecting
the belief that the various strategies within the hedge fund
industry are exposed to different risks and as such need to be
modeled separately:
- The Credit Suisse Long/Short Liquid Index which seeks to
reflect the return of hedge funds as represented by the Long/Short
Equity sector of the Dow Jones Credit Suisse Hedge Fund Index,
Bloomberg ticker, CSLABLS;
- The Credit Suisse Event Driven Liquid Index seeks to reflect
the return of hedge funds as represented by the Event Driven sector
of the Dow Jones Credit Suisse Hedge Fund Index, Bloomberg ticker,
CSLABED;
- The Credit Suisse Global Strategies Liquid Index seeks to
reflect the return of all remaining hedge fund strategies not
defined as Long/Short or Event Driven, Bloomberg ticker,
CSLABGS;
- The Credit Suisse Liquid Alternative Beta Index seeks to
reflect the return of the overall hedge fund industry, as
represented by the Dow Jones Credit Suisse Hedge Fund Index, by
combining the Long/Short, Event Driven and Global Strategies Liquid
Index models, Bloomberg ticker, CSLAB;
- The Credit Suisse Merger Arbitrage Liquid Index seeks to gain
broad exposure to the Merger Arbitrage strategy using a pre-defined
quantitative methodology to invest in a liquid, diversified and
broadly representative set of announced merger deals, Bloomberg
ticker, CSLABMA; and
- The Credit Suisse Managed Futures Liquid Index seeks to gain
broad exposure to the Managed Futures strategy using a pre-defined
quantitative methodology to invest range of asset classes
including: equities, fixed income, commodities and currencies,
Bloomberg ticker, CSLABMF.
The LAB indices are benchmarked to the market-leading Dow
Jones Credit Suisse Hedge Fund Indexes. As the industry's premier
asset-weighted hedge fund indexes, the Dow Jones Credit Suisse
Hedge Fund Index platform consists of a range of geographical and
strategy-specific hedge fund indexes that are constructed from a
proprietary database of more than 9,000 hedge funds which seeks to
provide the most accurate representation of the hedge fund
universe. Additional information about the Dow Jones Credit Suisse
Hedge Fund Indexes -- including research, fund performance and
constituent fund information -- can be found at
www.hedgeindex.com.
Credit Suisse Asset Management, LLC is a subsidiary of
Credit Suisse and is headquartered at 1 Madison Avenue,
New York, NY
10010-3629.
About Credit Suisse AG
Credit Suisse AG
Credit Suisse AG
is one of the world's leading financial services providers and is
part of the Credit Suisse group of companies (referred to here as
'Credit Suisse'). As an integrated bank, Credit Suisse is able to
offer clients its expertise in the areas of private banking,
investment banking and asset management from a single source.
Credit Suisse provides specialist advisory services, comprehensive
solutions and innovative products to companies, institutional
clients and high net worth private clients worldwide, and also to
retail clients in Switzerland.
Credit Suisse is headquartered in Zurich and operates in over 50 countries
worldwide. The group employs approximately 48,400 people. The
registered shares (CSGN) of Credit Suisse's parent company, Credit
Suisse Group AG, are listed in Switzerland and, in the form of American
Depositary Shares (CS), in New
York. Further information about Credit Suisse can be found
at www.credit-suisse.com.
Important Legal Information
This
document was produced by and the opinions expressed are those of
Credit Suisse as of the date of writing and are subject to change
without obligation to update. It has been prepared solely for
information purposes and for the use of the recipient. It does not
constitute an offer or an invitation by or on behalf of Credit
Suisse to any person to buy or sell any security. Any reference to
past performance is not a guide to future performance. The
information and analysis contained in this publication have been
compiled or arrived at from sources believed to be reliable but
Credit Suisse does not make any representation as to their accuracy
or completeness and does not accept liability for any loss arising
from the use hereof.
Certain information contained in this document constitutes
"Forward-Looking Statements" (including observations about markets
and industry and regulatory trends as of the original date of this
document), which can be identified by the use of forward-looking
terminology such as "may", "will", "should", "expect",
"anticipate", "target", "project", "estimate", "intend", "continue"
or "believe", or the negatives thereof or other variations thereon
or comparable terminology. Due to various risks and uncertainties
beyond our control, actual events, results or performance may
differ materially from those reflected or contemplated in such
forward-looking statements. Readers are cautioned not to place
undue reliance on such statements. Credit Suisse has no obligation
to update any of the forward-looking statements in this
document.
Copyright © 2012 CREDIT SUISSE GROUP AG and/or its
affiliates. All rights reserved.
SOURCE Credit Suisse AG