NEW YORK,
Oct. 2, 2015
/PRNewswire/ -- The Credit Suisse LAB Index
was down 1.41% in September.
The Credit Suisse Liquid Alternative Beta Index ("CSLAB"),
which aims to reflect the performance of the overall hedge fund
industry, finished down 1.41% in September. The Managed Futures
strategy was the strongest performer for the month, finished up
2.33% in September, and was the highest performer year-to-date, up
6.27%. Although the Long/Short Equity strategy was down in
September, it is the second-highest performing strategy
year-to-date, up 3.34%.
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
>.
|
September 2015
|
August 2015
|
YTD 2015
|
Credit Suisse Liquid Alternative Beta
Index
|
-1.41%
|
-2.23%
|
-1.32%
|
Credit Suisse Event Driven Liquid
Index
|
-3.66%
|
-2.89%
|
-5.60%
|
Credit Suisse Global Strategies Liquid
Index
|
-0.45%
|
-2.17%
|
-0.41%
|
Credit Suisse Long/Short Liquid
Index
|
-0.85%
|
-1.31%
|
3.34%
|
Credit Suisse Merger Arbitrage Liquid
Index
|
-0.13%
|
-0.43%
|
-0.12%
|
Credit Suisse Managed Futures Liquid
Index
|
2.33%
|
-1.73%
|
6.27%
|
About LAB Indices
The LAB indices
are calculated by Alternative Liquid Trading Strategies (ALTS™), a
specialized investment boutique within Credit Suisse Asset
Management. The ALTS™ team is comprised of investment professionals
with extensive experience in research, investment strategy
development, portfolio management, and trading.
The LAB series of indices seek to provide exposure to the
aggregate risk and return characteristics of hedge fund strategies
using liquid, tradable instruments. LAB indices are priced daily
and constructed using an objective and transparent rules-based
methodology.
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 seeks to reflect the
return of hedge funds as represented by the Long/Short Equity
sector of the 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 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 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 in a range of asset classes
including: equities, fixed income, commodities and currencies,
Bloomberg ticker, CSLABMF.
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 offers
clients its combined expertise in the areas of private banking,
investment banking and asset management. Credit Suisse provides
advisory services, comprehensive solutions and innovative products
to companies, institutional clients and high-net-worth private
clients globally, as well as to retail clients in Switzerland. Credit Suisse is headquartered in
Zurich and operates in over 50
countries worldwide. The group employs approximately 46,400 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.
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
necessarily a guide to the future. 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.
It is not possible to invest directly in an index. Exposure to an
asset class represented by an index is available through investable
instruments based on that index. Those investable instruments will
have fees and other transactional costs associated with investments
in them. Credit Suisse makes no assurance that investment products
based on the index will accurately track index performance or
provide positive investment returns.
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