The Liquid Alternative Beta (LAB) indexes, available from HedgeIndex, formerly Credit Suisse, offer a comprehensive view of the performance of various hedge fund strategies in August. All the hedge fund strategies were positive for the month. Returns were consistent with the overall market, SPX, which gained 2.03% for the month. The LAB indexes beat the S&P500 growth and momentum factor-based indexes. The global strategy and managed futures indexes were able to take advantage of the tail winds from positive international equities and bond returns. This places most strategies with positive returns for the year, except for the managed futures and liquid indexes. The managed futures strategy has started to find trends after a difficult first half of the year.
The LAB indexes have lower volatility than the long-only benchmark strategies.
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