Finalternatives reports that hedge funds suffered a through a tough October, with only
event-driven funds providing a glimmer of good news, according to an industry
replication index.
The Credit Suisse Liquid Alternative Beta Index dropped
0.64% last month. After a year of trailing the Standard & Poor's 500 Index,
the benchmark managed to beat it in October, but only by missing out on the
broader market's full decline. The index
is up only 2.31% on the year, and in October, event-driven "was the sole
contributor to performance, finishing up 0.94% for the month," Jordan
Drachman, head of alternative beta strategies at Credit Suisse said. Drachman
also noted that, with a return of 9.12% on the year, event-driven
"continues to be the highest-performing strategy" in 2012…..
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